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Berkadia sells FirstStreet at Happy Valley for $87.85 million

Berkadia announced today the sale of FirstStreet at Happy Valley, a 212-unit, cottage-style, built-for-rent, multifamily property in Phoenix. ....

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Springs at Cooley Station in Gilbert sells for $85.35 million

Berkadia announced the $85.35 million sale of Springs at Cooley Station, a 276-unit, garden-style multifamily property in Gilbert, Arizona. ....

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Berkadia Negotiates $75M Sale of Built-to-Rent Community in Flagstaff, Arizona

Berkadia Negotiates $75M Sale of Built-to-Rent Community in Flagstaff, Arizona
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Tower 16 Capital Partners Complete $32.1 Million Disposition of 180-Unit Thomas Apartment Community in Phoenix, Arizona

WESTLAKE VILLAGE, CA - Tower 16 Capital Partners has sold Loramont on Thomas Apartments, a 180-unit multifamily project in Phoenix, AZ for $32.1 million. The property was purchased by Tower 16 in December 2019 for $11.7 Million in an off-market transaction. The new buyer is planning to further improve the property during its ownership.
“We made significant improvements to the Loramont on Thomas project during our ownership,” said Tower 16 Co-Founder Mike Farley. “That allowed. ....

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Loramont on Thomas Apartments in Phoenix sell for $32.1M

Tower 16 Capital Partners has sold Loramont on Thomas Apartments, a 180-unit multifamily project in Phoenix, AZ for $32.1 million. ....

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