Institutional Property Advisors Closes $79.25 Million Multifamily Asset Sale in Greater Phoenix
Institutional Property Advisors, a division of Marcus & Millichap, announced today the sale of Cabana Happy Valley, a 292-multifamily asset in Phoenix, Arizona. The property sold for $79.25 million or $271,404 per unit.
“Cabana Happy...
Affordable Colorado Apartments to Introduce Profit Sharing and Other Wealth Building Features for Renters
Enterprise Community Partners announced today that Sheridan Ridge Townhomes and Willow Green Townhomes, located just outside Denver Colorado and owned by Archway Communities, are the first investments of the Renter Wealth Creation Fund, an...
$112 Million Multifamily Asset Sale and Financing Brokered by Institutional Property Advisors
Institutional Property Advisors, a division of Marcus & Millichap, announced today the sale of Aiya, a 360-unit multifamily asset in Gilbert, Arizona. The property sold for $112 million, or $311,111 per unit.
“Gilbert has one...
Leasing Office Now Open for Ari on Fourth Apartments in Downtown Tucson Arizona
The Opus Group today announced the leasing office is now open for Ari on Fourth Apartments, the new mixed-use project in downtown Tucson, Arizona. The leasing office address is 218 North Fourth Avenue, directly across from...
Institutional Property Advisors Brokers Tucson Multifamily Asset Sale
Institutional Property Advisors, a division of Marcus & Millichap, announced today the sale of Juniper Canyon, a 140-unit multifamily asset in Tucson, Arizona.
“Renter demand for Juniper Canyon has led to strong operational momentum, evidenced...
Phoenix Multi-Housing Project Secures $62.625m in Financing
JLL Capital Markets announced today that it has secured $62.625 million in construction financing for Meritum Sonoran Desert, a 348-unit, garden-style multi-housing development in Phoenix, Arizona.
JLL worked on behalf of the borrower, IDM Companies,...
SageHome Acquires Colorado Living, Accelerating its Growth and Reach
SageHome, the aging-in-place specialist, is pleased to announce its acquisition of Colorado Living LLC, underlining its position as the largest provider of aging-in-place bath remodeling services in the United States. This acquisition extends SageHome’s...
ABI Multifamily Brokers Tucson MSA 160-Unit Multifamily Apartment Community for $19,500,000
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $19,500,000 / $121,875 Per Unit / $207.84 Per SF sale of Via Alamos Apartments, a...
Trion Properties grows portfolio with $41.1 million multifamily acquisition in Aurora, Colorado
Trion Properties, a private equity real estate firm based in West Hollywood, California and Miami, Florida specializing in multifamily investments, announces the acquisition of Trailpoint on Highline, a 198-unit multifamily asset in Aurora, Colorado.
“We...
Institutional Property Advisors closes $61 million multifamily asset sale in Greater Phoenix
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Cabana Encanto, a 286-unit attainable housing asset in Goodyear, Arizona. The $61 million sale price represents $213,287 per unit and $354 per square...
Mercy Community Capital announces new president
Mercy Community Capital is excited to announce Stefanie Joy as the new President of the national Community Development Financial institution. Joy will replace Jason Battista who resigned last month to become a development partner...
Chris Gandy appointed to lead JLL’s Salt Lake City Capital Markets team
JLL Capital Markets announced that it has appointed Senior Managing Director Chris Gandy to lead its Salt Lake City Capital Markets team. Gandy will oversee the investment sales and debt and equity advisory platforms throughout the...
ABI Multifamily brokers 20-unit Southwest Mesa multifamily apartment community for $4.8 million
ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $4,800,000 / $240,000 Per Unit / $294.12 Per SF sale of First Avenue Townhouses, a...
PCCP, LLC provides $53 million loan to refinance newly built 266-unit Class A apartment...
PCCP, LLC has provided a $53 million bridge loan to P.B. Bell for the refinance of Hangar at Thunderbird, a newly built 266-unit, 19-building apartment community located at 15301 N 37th Avenue in Glendale,...
Avanti Residential appoints Richard Bennion as Managing Director
Avanti Residential is pleased to announce the appointment of Richard Bennion as Managing Director, where he will be responsible for strategic growth and institutional capital relationships. With nearly 20 years of experience in the...
