Institutional Property Advisors closes $65.5 million multifamily asset sale in Tucson
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Yardz on Kolb, a 410-unit multifamily asset in Tucson, Arizona. The property traded for $65.5 million, or $159,756 per unit. “Yardz...
Davlyn Investments acquires North Las Vegas apartment community
Davlyn Investments, a prominent California-based, multifamily investment firm, recently closed escrow on the $77,000,000 purchase of Sonata, a 312-unit, Class A, multifamily community in North Las Vegas, Nevada that was constructed in 2009. This...
Tower 16 Capital Partners acquires four property portfolio, its first multifamily project in Albuquerque
San Diego-based Tower 16 Capital Partners has acquired a four-property portfolio, totaling 572 units in Albuquerque, N.M. The property was acquired from Greenwater Investments for an undisclosed price. “We’re very excited about the acquisition of...
Trophy multihousing property near Phoenix refinanced with $36.35 million loan
JLL Capital Markets announced that it has arranged a $36.35 million refinancing for The Premiere at Eastmark, an apartment community in Mesa, Arizona. JLL worked on behalf of the borrower, Los Angeles-Seaview Capital, to originate...
ABI Multifamily brokers 203-unit Northwest Phoenix multifamily apartment community for $48 million
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $48,000,000 / $236,453 Per Unit / $307.13 Per SF sale of Canyon Springs Apartments, a...
SB Real Estate Partners acquires multifamily community in Las Vegas, Nevada for $73.1 million
SB Real Estate Partners (SBREP) has made its second multifamily investment in the Las Vegas MSA over the past seven weeks with the $73.1 million off-market acquisition of St. Croix Apartments, a 256-unit garden-style...
Westport Properties sells multifamily community in Glendale, Arizona for $30.4 million
Westport Properties, a premier owner/operator of self storage and multifamily properties nationally, announced that it has sold Park 67, a 160-unit multifamily community in Glendale, Arizona under the entity Vertex Glendale, LLC to an...
Intercontinental Real Estate Corporation acquires 376-unit apartment community in Phoenix, Ariz. for $126 million
Intercontinental Real Estate Corporation (Intercontinental) has acquired Garden Grove Apartments, a 376-unit garden-style apartment complex in Tempe, Ariz. for $126 million. The acquisition marks Intercontinental’s fifth acquisition in Phoenix. Garden Grove Apartments is located at...
Davlyn Investments acquires Chandler apartment community
Davlyn Investments, a prominent California-based, multifamily investment firm, recently closed escrow on the $114,385,000 purchase of Trevi a 290-unit, Class A, luxury multifamily community, constructed in 2005, located in Chandler, Arizona. This is Davlyn’s...
Tower 16 Capital Partners acquires a 160-unit multifamily property in Phoenix for $30.4 million
San Diego-based Tower 16 Capital Partners has acquired Park 67 Apartments, a 160-unit multifamily property located in Glendale, Ariz., for $30.4 million. The Park 67 Apartments project was built in 1973 and was acquired...
$60 million in financing secured for Colorado multihousing acquisition
JLL Capital Markets announced that it has arranged $60 million in financing for the acquisition of Lodge on 84th, a 300-unit, garden-style multihousing community located in the Denver-area community of Federal Heights, Colorado. JLL worked...
Decron Properties acquires fifth multifamily asset in Phoenix, Arizona for $101 million
Decron Properties continues to build a formidable portfolio of multifamily assets in the Phoenix MSA with its acquisition of Arrowhead Ranch by Baron (Arrowhead Ranch), a 256-unit community located in Glendale, Ariz. for $101...
Next Wave acquires 160-unit multifamily community in Prescott, Arizona for $58 million
Next Wave Investors, LLC (Next Wave), a private equity firm focused on value-add multifamily investments, has acquired Willow Creek Apartments, a 160-unit garden-style apartment community in Prescott, Arizona, for $58 million. The firm has been...
Institutional Property Advisors closes $51.6 million multifamily asset in the Northwest Valley of Phoenix
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Cantala, a 184-unit apartment property in Glendale, Arizona. The property sold for $51.6 million or $280,435 per unit. “Built in 1986,...
Institutional Property Advisors brokers suburban Salt Lake City multifamily asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Incline at Anthem, a 298-unit, age 55-plus multifamily complex in Herriman, Utah. “The property is the first active, older adult multifamily...
