Thayer Manca Residential acquires second Tucson property in a year
Thayer Manca Residential (TMR) has purchased Entrada Apartments, their newest multifamily property in Tucson, Arizona. TMR purchased the 424-unit property for $65,500,000 and is the largest acquisition to date for the company. With a $4.9m...
Fannie Mae lends $24.375 million for Colorado townhome community
JLL Capital Markets announced that it has arranged $24.375 million in acquisition financing for The Point at Biscay, formally known as Outlook Biscay, a 96-unit, Class A townhome community in Aurora, Colorado. JLL worked on...
Oak Coast Properties acquires ArtWalk Apartments at City Center Community in Englewood, Colorado, for...
Oak Coast Properties announced the $123.5 million acquisition of ArtWalk Apartments at City Center, a best-in-class 438-unit transit-oriented apartment community located in Englewood, Colorado. The purchase highlights Oak Coast Properties’ continued bullish stance on investment...
Pathfinder Partners acquires multifamily property in affluent Denver neighborhood
Pathfinder Partners, a San Diego-based firm specializing in multifamily real estate investments, announced the $18.2 million acquisition of Highlands at Red Hawk—a 56-unit apartment community in the affluent submarket of Castle Rock, just south...
Institutional Property Advisors brokers $117.5 million multifamily asset sale in Tempe, Arizona
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Onnix, a 659-unit multifamily asset in Tempe, Ariz. The property sold for $117.5 million, which equates to $178,300 per unit. “Proximate...
Texas multifamily property management company carves footprint into Arizona market
Roscoe Property Management (RPM), a national leader in multifamily property management, announced its expansion into the Arizona market through a merger with Phoenix-based Maverick Residential and the opening of a new regional office in...
Institutional Property Advisors brokers Greater Salt Lake City multifamily asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Ascent in Cottonwood, a 160-unit multifamily property in Cottonwood Heights, Utah. “Greater Salt Lake City is maintaining its coveted position as...
Phoenix metro multifamily complex sale brokered by Institutional Property Advisors
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of MetroPointe Apartments, a 415-unit multifamily property in Tempe, Arizona. The asset sold for $96.75 million, which equates to $233,133 per...
Parkview Financial provides $26 million construction loan for 8-story, 115-unit apartment project in downtown...
Parkview Financial announced it has provided a $26 million construction loan to CRE Development Investments for the development of Art District Lofts located at 1275 Santa Fe Drive in Denver, CO. The entitled eight-story...
Durango multihousing property sells to Denver-based private equity firm
JLL Capital Markets announced that it has arranged the sale of and acquisition financing for Confluence at Three Springs, a 171-unit, garden-style, multihousing community in Durango, Colorado. JLL marketed the property on behalf of the...
Westmount Realty Capital acquires garden-style multifamily community in Arizona
Westmount Realty Capital announced the acquisition of Urban Trails at the District, a two-story, garden-style apartment community located at 1620 W Southern Ave. in fast-growing Mesa. The 156-unit multifamily community consists of one- and...
Luxury North Phoenix multifamily asset sale brokered by Institutional Property Advisors
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Liv North Valley, a 385-unit luxury multifamily asset in Phoenix, Arizona. The property sold for $90 million, which equates to...
32 Arcadia, 104-unit multifamily community in Phoenix, Ariz., sells for $14.8 million
32 Arcadia, a 104-unit multifamily community, located at 3211 E. Pinchot Avenue in Phoenix, Arizona, has sold for $14,800,000. The buyer was Cowabunga Two, LLC, a private capital family office that focuses on acquiring...
Oak Coast Properties announces $163 million disposition of Pembrooke on the Green Apartments
Oak Coast Properties announced the $163 million disposition of the Pembrooke on the Green Apartments in Denver, Colorado. The transaction is one of the largest apartment community sales in Denver by value in 2020. Oak...
ABI Multifamily adds Andrew Arambula as associate to growing team
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western U.S., has added Andrew Arambula as an associate to the growing team. Arambula, a Scottsdale resident, comes to ABI from Kidder...