Mountain region

JLL Capital Markets announced that it has arranged $49.45 million in construction financing for the development of Flagstaff Elkwood, a to-be-built, 224-unit multihousing community, along with 6,000 square feet of retail space, in Flagstaff,...

JLL Capital Markets announced that it has closed the sale of Tempe Metro, a 408-unit, value-add, wrap-style multihousing community in Tempe, Arizona. JLL marketed the property on behalf of the seller, a joint venture between...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Villatree, a 150-unit apartment property in Tempe, Arizona. The asset sold for $43.1 million which equates to $287,333 per unit. “Villatree...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Metro Tucson, a 232-unit multifamily property in Tucson, Arizona. The asset sold for $38.5 million, which represents $165,948 per unit. “Metro...

Davlyn Investments, a prominent California-based, multifamily investment firm, recently closed escrow on the $65,500,000 purchase of Rancho Destino a 184-unit, luxury, multifamily community in Las Vegas, Nevada. The property, which has been re-branded Aviara,...

DB Capital Management (DB Capital) and equity partner Thrive FP has acquired Autumn Glen, a 100-unit apartment community in the Salt Lake City submarket of Taylorsville, Utah. It is DB Capital’s fifth purchase in...

Thayer Manca Residential (TMR) continues to expand its multifamily portfolio in Albuquerque, New Mexico. TMR has acquired The Village at Tierra Antigua, the fourth property acquired by TMR through its $88 million fund, TMR...

Decron Properties has acquired The Wyatt, a 216-unit garden-style apartment community in the Phoenix submarket of Gilbert, Arizona, for $91 million. It is the ninth acquisition for Decron in the Phoenix metro overall and...

Haven Realty Capital (Haven), in partnership with funds managed by an affiliate of Apollo Global Management, Inc., has closed the first phase of a $22.8 million acquisition of a build-to-rent (BTR) townhome community now...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Dolce Villagio Lofts, a 37-unit multifamily asset in Tempe, Arizona. The $21.25 million sales price equates to $574,324 per unit. “Dolce...

JLL Capital Markets announced that it has arranged the $28.4 million financing for Villatree Apartments, a 150-unit, garden-style multihousing community in Tempe, Arizona. JLL represented the borrower, Epic Investment Services, to secure the five-year, floating-rate...

Mesa West Capital has provided KB Investment and Development Company with $108 million in first mortgage debt for its acquisition a 328-unit multifamily property in Phoenix, Arizona. The five-year, floating rate loan is secured by...

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $25,550,000 / $266,146 Per Unit / $256.09 Per SF sale of Rise Melrose Apartments, a...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Peaks at Redington, a 301-unit multifamily asset in Tucson, Arizona. The $53.9 million sales price represents $179,070 per unit. “Peaks at...

Avison Young announced the Sauter Multifamily Group, comprised of Principals Patrick Sauter, Art Carll-Tangora, and Steve Nosrat, based in the firm’s Las Vegas office, closed the $40 million sale ($227,272 per unit) of Las...