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Western Wealth Capital Buys Phoenix Apartment Portfolio

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PHOENIX, AZ – Marcus & Millichap (NYSE: MMI), announced the sale of the Greater PHX IV Portfolio, a four-property, 748-unit, real-estate-owned portfolio located in Phoenix and Mesa, Arizona to Western Wealth Capital LTD, a Vancouver, Canada-based multiple-unit rental property investment firm. The aggregate sales price for the portfolio is $41.5 million ($55,481 per unit). “This […]

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IPA sells The Reserve at Arrowhead for $64.5 Million

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Institutional Property Advisors (IPA), a division of Marcus & Millichap specializing in serving institutional and major private real estate investors, announced the sale of The Reserve at Arrowhead, a premier 472-unit multifamily asset in Phoenix. The $64.5 million sales price equates to more than $136,000 per unit. “Developed in two phases between 1998 and 1999

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Phoenix Investor Acquires Tucson’s Catalina Vista Apartments for $1.55 Million

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The Catalina Vista Apartments at 8550 East Old Spanish Trail in Tucson sold for $1.55 million ($31,000 per unit). This was the first investment in Tucson for Greenlite Holdings LLC of Phoenix (Jonathan Lewis, manager). The 50-unit complex has (14) 1-bedrooms approximately 643 square-feet each, (24) 2-bedrooms approximately 918 square-feet each, (12) 3-bedrooms approximately 1,137

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