PHOENIX, Ariz. (March 3, 2026) – Liv Communities is pleased to announce the successful recapitalization of Sol38 by Liv, its 360-unit multifamily community located in the rapidly growing Laveen submarket of Metro Phoenix.
The transaction was completed by sourcing a new family office equity partner, positioning the asset for continued long-term growth and performance under a new investment partnership.
Completed in 2024, Sol38 by Liv, 3875 W. Dobbins Road, represents a significant milestone within Liv Communities’ expanding multifamily portfolio in the Phoenix market. The recapitalization strengthens the community's capital structure and aligns long-term ownership with a strategic partner focused on sustained value creation.
“We are very proud to have recapitalized Sol38 by Liv in a manner that resulted in a strong transition of the asset and positions the community for continued success,” said Kevin Lindquist, CEO of Liv Communities. “This is a great asset in what we believe is one of the fastest-growing submarkets in Phoenix. We are excited to move forward with our new partner who shares our long term vision for the asset and continue delivering an exceptional living experience for our residents.”
The transaction was advised by Steve Gebing and Cliff David of Institutional Property Advisors (IPA) and Peter Benedetto and Michelle Mosier with Berkadia, who brought deep regional and capital markets knowledge and experience to ensure a successful transaction.
Located in one of Metro Phoenix’s fastest-growing submarkets, Sol38 by Liv features 360 studio, one-, two-, and three-bedroom apartment homes and offers a robust amenity package.
Community features include indoor and outdoor gaming areas, community gardens, a playground and splash pad, a sports court, a resort-style pool and spa, a dog park, a state-of-the-art fitness center, and a clubhouse designed to foster connection and engagement among residents.
