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TruAmerica Multifamily Continues to Build Its Phoenix, AZ Portfolio with Acquisition of Two Tempe Communities for $67.3 Million

Los Angeles, CA — TruAmerica Multifamily, in joint venture with an institutional capital partner, has acquired a two-property, 472-unit apartment portfolio in Tempe, AZ for $67.3 million ($142,585 per unit) increasing its local portfolio to more than 2,400 units. “We continue to be net buyers in Phoenix, and Tempe in particular,” said TruAmerica Director of …

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NorthMarq Multifamily sells Urban 188 Apartments for $17 Million

Phoenix, Arizona – The 188-unit Urban 188 apartments, located at 1601 West Camelback Road in Phoenix, Arizona, sold this month for $17 million ($90,425 per unit) The NorthMarq Multifamily team of Bill Hahn, Trevor Koskovich, and Jesse Hudson represented both the seller and the buyer in this transaction. Urban 1601 Property LLC, of Phoenix, Arizona, …

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ABI Brokers Apartment Sale for $16.78M in Desirable North Paradise Valley Submarket

PHOENIX, ARIZONA — ABI Multifamily, the Western U.S.’s leading multifamily brokerage and advisory services firm, is pleased to announce the $16,780,000 / $121,594 per unit sale of the Seventeen 805 Apartments located in Phoenix, Arizona.  Built in 1984 and recently renovated in 2016/2017, the property is of wood frame/masonry construction with pitched composition shingle roofs. …

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