Investors Capital Group Pays $48M for Phoenix Asset
Investors Capital Group Pays $48M for Phoenix Asset Berkadia provided a $31.4 million Freddie Mac loan to the buyer of the 196-unit property in Gilbert, Ariz. Jan202021 Painted Trails Investors Capital Group has acquired Painted Trails, a 196-unit community in Gilbert, Ariz. from RK Properties for $48.3 million, Yardi Matrix data shows. Berkadia backed the deal with a $31.4 million, 10-year Freddie Mac acquisition loan, according to public records. The seller picked up the asset...
United States Freddie Mac Dark Properties Investors Capital Group Arizona State University Polytechnic Capital Group
Source: multihousingnews.com