Jeff Sherman

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Los Angeles Investor Purchases West Phoenix Apartments for $13.4 Million

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Desert Wind Community Provides Opportunities for Continued Modernization Phoenix, Arizona –  A Los Angeles-based investor has purchased the Desert Wind apartment community In West Phoenix for $13.4 million ($62,037 per unit). The property, located at 4140-4141 W. McDowell Rd., has been partially modernized and provides opportunity for further updating. “The West Phoenix multifamily market continues […]

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Solano Village Apartments in Glendale Sell for $24 Million

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Oregon Investor Acquires Glendale Community Phoenix, Arizona – The Solano Village Apartments at 5220 W. Northern Ave. in Glendale, AZ has been sold to an Oregon private equity firm for $24 million ($92,308 per unit). “This investment offered an opportunity to acquire a well-located community with outstanding opportunity for capital improvements and income appreciation,” says

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Verde Dimora Apartments in Mesa Sell for $22+ Million

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Canadian Investor Expands Portfolio of Arizona Assets with Acquisition Phoenix, Arizona – The Verde Dimora Apartments at 2217 N. Power Rd. in Mesa have been sold to a Canadian investor for $22,250,000.  The buyer is expanding its portfolio of Arizona properties and plans long-term ownership of the community. “This is a very unique asset in

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