TruAmerica Multifamily acquires apartment communities in Phoenix and Nashville for $196 million
TruAmerica Multifamily has added nearly 1,000 apartment homes to its national multifamily portfolio after closing on two garden-style communities in Nashville, Tennessee and Phoenix, Arizona, in separate transactions totaling $196 million. TruAmerica continues its focused...
The Fletcher Southlands in affluent Aurora, Colorado sold
JLL Capital Markets announced it closed the sale of The Fletcher Southlands, a 320-unit multihousing property located in the desirable, affluent Aurora, Colorado. JLL represented the seller, a partnership between Origin Investments and Aegon Real...
JLL Capital Markets adds debt industry veteran Tony Nargi to its Denver office
JLL Capital Markets announced that it has added Tony Nargi as a Managing Director within its multihousing debt and equity placement team in Denver, Colorado. Nargi has 15 years of real estate experience and...
Decron Properties enters new market with $96.150 million multifamily acquisition in Tempe, Arizona
Decron Properties has made its initial entry into the Arizona real estate market with the acquisition of Broadstone Rio Salado, a 278-unit multifamily property in Tempe, Ariz. for $96,150,000. Completed in 2020, Broadstone Rio Salado’s...
Tower 16 Capital Partners acquires a two-property, 332-unit multifamily portfolio in Phoenix for $55...
San Diego-based Tower 16 Capital Partners has acquired a two-property multifamily portfolio consisting of 332 units in the greater Phoenix area for $55 million. Summerhill Place Apartments is in Glendale, Ariz., and consists of...
Sale and financing completed for Forum Fitzsimons in CO
JLL Capital Markets announced it closed the sale and arranged acquisition financing for Forum Fitzsimons, a 397-unit multihousing property located in Aurora, Colorado. JLL represented the seller, a partnership between Sightway Capital, Catalina Development and...
The Multifamily Group brokers 79 units in Albuquerque
The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, announced this week it had facilitated Uptown Horizon's sale in Albuquerque. Managing Partner Paul Yazbeck represented the seller and procured the buyer. "Uptown Horizon...
Central Phoenix apartment complex sale brokered by Institutional Property Advisors
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Cabana on 12th, a 252-unit multifamily asset in Phoenix, Arizona. The property sold for $54.5 million, which represents $216,270 per...
ABI Multifamily brokers 109-unit condominium property for $27 million
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $27,000,000 / $247,706 Per Unit / $208.38 Per SF sale of Santana Ridge Luxury Rentals,...
Ranchharbor and Westgrove Partners acquire Albuquerque value-add multifamily portfolio
RanchHarbor and Westgrove Partners, two real estate investment firms based in Newport Beach, Calif. and Los Angeles respectively, announced their joint venture (JV) partnership in the acquisition of a two-property multifamily portfolio in Albuquerque,...
ABI Multifamily brokers 160-unit Far West Phoenix apartment community for $32.25 million
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $32.25 million / $201,563 Per Unit / $235.20 Per SF sale of Ventana Palms Apartment...
JV equity arranged for Belleview Station apartments
JLL Capital Markets announced it has arranged joint venture equity for the development of a 250-unit mixed-use, luxury apartment community located in Denver, Colorado. JLL represented the developer, Trammell Crow Residential, the multihousing development company...
Southeast Valley multifamily sale brokered by Institutional Property Advisors in Phoenix
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Tierra Del Sol, a 276-unit apartment property in Mesa, Arizona. “The cities of Mesa, Gilbert and Chandler are characterized by consistently...
$74.1 million refinance secured for The Parc at Cherry Creek apartments in Denver
JLL Capital Markets announced it has arranged a $74.1 million refinancing for The Parc at Cherry Creek, a 408-unit garden style, multihousing property located in Denver, Colorado. JLL worked on behalf of PCC Partners, LLC,...
Southeast Valley multifamily asset sale negotiated by Institutional Property Advisors
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Saratoga Apartments, a 286-unit multifamily asset in Mesa, Arizona. The property sold for $35,175,000, which represents $122,990 per unit. “Mesa’s strategic...
