Friday, May 17, 2024

Mountain region

Mountain region includes: Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Utah and Wyoming

Indigo Springs

Institutional Property Advisors completes $56.4 million apartment asset sale in the Southeast Valley of...

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Indigo Springs, a 240-unit multifamily asset in Mesa, Arizona. The property sold for $56.4 million, or $235,000 per unit. “The Southeast...
ViA

Institutional Property Advisors arranges South Salt Lake multifamily sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of ViA, a 138-unit midrise apartment building in South Salt Lake, Utah. “ViA Apartments is a high-quality, transit-oriented multifamily asset that gives...
Tides at Downtown Tempe

Westmount Realty Capital acquires garden-style multifamily community in Arizona

Westmount Realty Capital announced the acquisition of Tides at Downtown Tempe, a two-story, garden-style apartment community located at 615 S. Hardy Dr. in fast-growing Tempe. The 227-unit multifamily community consists of one-, two- and...
Regatta Apartments

Gelt, Inc. acquires 352-unit apartment community for $100.5 million in Denver submarket

Gelt, Inc., is pleased to announce it has acquired Regatta Apartments, a 93 percent-leased, 352-unit multifamily community located at 10500 Irma Drive in Northglenn, CO, for $100.5 million. This substantial buy marks the Los...
The Grove Deer Valley

Institutional Property Advisors brokers $46.75 million multifamily sale in Phoenix

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Grove Deer Valley, a 208-unit apartment asset in Phoenix, Arizona. The property sold for $46.75 million, which equates to...
Gateway Arvada Ridge

The Praedium Group acquires transit-oriented Gateway Arvada Ridge in Arvada, Colorado

The Praedium Group, a New York-based national real estate investment firm, announced the acquisition of Gateway Arvada Ridge in the Arvada submarket of the Denver MSA.  Lindsay Schuckman, Vice President of The Praedium Group,...
Sanctuary on Broadway

ABI Multifamily brokers 240-unit Tempe apartment community for $42.75 million

ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $42.75 million / $178,125 Per Unit / $231.39 Per SF sale of Sanctuary on Broadway,...
Pointe Vista Apartments

ABI Multifamily brokers 160-unit Northwest Phoenix apartment community for $24.25 million

ABI Multifamily—the leading multifamily brokerage and advisory services firm in the Western US—is pleased to announce the $24.25 million / $151,563 Per Unit / $204.66 per square foot sale of Pointe Vista Apartments, a...
The Grove on Glendale

Next Wave acquires newly built luxury community in Phoenix for $25.5 million

Next Wave Investors, LLC (“Next Wave”) a private equity firm focused on value-add multifamily investments, acquired The Grove on Glendale, a new 56-unit luxury townhome community in North Central Phoenix, Arizona for $25.5 million...
Encore Chandler

Berkadia secures $10.25 million equity investment for Encore Multi-Family’s 208-unit development in Phoenix area...

Berkadia has sourced a capital partner for Encore Chandler, a 208-unit, class-A, multifamily development in Downtown Chandler between Dallas-based Encore Multi-Family and a Real Estate Investment Trust. Berkadia’s JV Equity & Structured Capital team...
Presidio North

Presidio North apartments in Phoenix sold for $55.6 million

JLL Capital Markets announced that it has closed the $55.6M sale and arranged $38.6 million in acquisition financing for the Presidio North apartments located in Phoenix, Arizona. JLL represented the seller, a charitable foundation, in...
Watermarket at Gateway Place

Institutional Property Advisors finalizes $84.35 million multifamily asset sale in Suburban Phoenix

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Watermark at Gateway Place, a 250-unit apartment asset in Gilbert, Arizona. The property sold for $84.35 million, which represents $337,400...
The Sterling

Pathfinder closes sale of The Sterling in Gilbert, Arizona

Pathfinder Partners, a San Diego-based firm specializing in multifamily real estate investments, announced the sale of The Sterling, a 107-unit community in Gilbert, Arizona, 23 miles southeast of downtown Phoenix. The property was acquired...
Equestrian

Institutional Property Advisors closes two-property $90.2 million multifamily portfolio sale in Southern Arizona

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of a two-property multifamily portfolio in Tucson, Arizona. The properties are Equestrian, a 288-unit complex that sold for $47.7 million, or...
Casa Anita Apartments

SB Real Estate Partners acquires Casa Anita Apartments in Phoenix’s West Valley for $35.3...

SB Real Estate Partners (SBREP) has announced the purchase of Casa Anita Apartments—a 224-unit multifamily community located in the West Valley submarket of Phoenix—for $35.3 million. The property had previously been under private ownership...
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