A multifamily investor, AHF American Homes Fund (USA), LP, an Arizona limited partnership, purchased a 50 Single Family Home Rental Portfolio in Phoenix for $4.4 million ($88,000 per unit). The Phoenix investment is the buyer’s third bulk single-family home purchase in the past 11 months.
The 50 Single Family Home Portfolio is comprised of fifty existing single-family detached homes located throughout metropolitan Phoenix. The rental portfolio consists of three, four and five bedroom homes, all had been recently updated and well maintained. Forty-eight (48) of the homes
were rented at time of sale.
Victoria Miachika, Natan Jacobs and Les Litwin, specialized in Multi Family Investment sales and Advisory Services, with the Vestis Group of Phoenix negotiated the sale of the fifty single family home portfolio for the buyer.
The seller was MGF Funding, Inc. of Mesa, Arizona (Brian A. Mortensen, president).
Miachika says the buyer is well capitalized and interested in additional bulk single-family home investment opportunities in the Metropolitan Phoenix area.
The Vestis Group team of Miachika, Jacobs and Litwin should be reached at (602) 387-5330.
