Berkadia Negotiates $69M Bella Grace BTR Property Sale in Chandler

Bella Grace, a 194-unit BTR community in Chandler, AZ

Chandler, Arizona  (November 13, 2025) – Berkadia, a distinguished leader in the commercial real estate sector, announced today the sale of Bella Grace, a 194-unit, horizontal build-to-rent (BTR) community located in Chandler, Arizona. Senior Managing Directors Mark Forrester and Ric Holway, Managing Directors Dan Cheyne and Andrew Curtis of Berkadia Phoenix led the transaction on behalf of the seller, an affiliate of Illinois-based The Inland Real Estate Group of Companies, Inc.

Bella Grace sold for $69 million to California-based Golden Horizon Enterprises.

“Bella Grace presented investors with a unique opportunity to acquire a premier asset in the BTR supply-constrained Chandler submarket of metro Phoenix,” said Forrester. “Given excellent stewardship since Inland’s 2018 acquisition, this community consistently registered a high occupancy without concessions and has demonstrated consistent net rental growth.”

Constructed in 2017, Bella Grace presents an appealing mix of one-bedroom, two-bedroom, and three-bedroom single-story, low-density, for-rent apartment homes in Chandler’s high-growth, suburban submarket of Metro Phoenix. Each unit features thoughtfully designed floor plans with 10-foot ceilings and large private backyards. Attractive community amenities, including a resort-inspired pool and spa, oversized private double dog park, walking paths, and a picnic area, complement the units. This thoughtfully crafted site plan, complemented by well-distributed open areas, offers residents a distinct sense of privacy.

Bella Grace’s strategic location near the Superstition Freeway, Loop 101, and Loop 202 provides unrivaled access to the diverse, high-wage employment throughout the East Valley.