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Recent Successes

2022
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High-Rise Multifamily Development Site
NWC 1st Street & Pierce Street
Phoenix, AZ
​​​No. of Acres: 0.46 Gross  / No. of Units: 350
Seller/Buyer: Glasir Capital Partners / CRG
Sold:  2022
Sale Price: $8,250,000 / $23,571 per Unit 
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11100 North 115th Street
​Scottsdale, AZ 85259
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No. of Units: 202
Seller/Buyer:  Tanbic Edgehill / Cortland
Sold:  2022
Sale Price: $74,750,000 / $370,050 per Unit​​​​​​​
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4343 East Soliere Avenue
​Flagstaff, AZ 86004
No. of Units: 102
Seller/Buyer:  Timberline Place Apartments, LLC / Ram Property Investments LLC
Sold:  2022
Sale Price: $30,700,000 / $300,980 per Unit​​​​​​​
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1718 North Fort Valley Road
Flagstaff, AZ 86001
No. of Units: 44
Seller/Buyer:  Kinsey Ridge Apartments, LLC / AH3 Investments LLC
Sold:  2022
Sale Price: $12,750,000 / $289,773 per Unit​​​​​​​
Cantamar Apartments
16630 North 43rd Avenue
Phoenix, AZ 85306
No. of Units: 180
Seller/Buyer:  Cantamar Apartments Associates / SB Real Estate Partners & Marble Partners
Sold:  2022
Sale Price: $58,100,000 / $322,778 per Unit​​​​​​​
Multifamily Development Site
1445 South Power Road
 
Mesa, AZ 85206
​​​No. of Acres: 16.6 Gross  / No. of Units: 373
Seller/Buyer: Lamar Cos. & GFI-Mesa Investments / Stillwater Capital Investments
Sold:  2022
Sale Price: $11,125,000 / $29,826 per Unit 
Westgate Multifamily Development Site
S/SWC 91st Avenue & Glendale Avenue Glendale, AZ 85305
​​​No. of Acres: 9.04 Gross  / No. of Units: 314
Seller/Buyer: Yam Properties / Alliance Residential Company
Sold:  2022
Sale Price: $13,500,000 / $42,994 per Unit 
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13225 North Fountain Hills Boulevard
​Fountain Hills, AZ 85268
No. of Units: 150
Seller/Buyer:  FPA Multifamily / Continental Realty Assets, Ltd.
Sold:  2022
Sale Price: $58,250,000 / $266,964 per Unit​​​​​​​
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1801 North 83rd Avenue
​Phoenix, AZ 85035
No. of Units: 224
Seller/Buyer:  SB Capital / Rise48 Equity
Sold:  2022
Sale Price: $59,800,000 / $266,964 per Unit​​​​​​​
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7301 East Minnezona Avenue
​Scottsdale, AZ 85251
No. of Units: 8
Seller/Buyer: Old Town Townhomes, LLC / Blueprint Capital Services, LLC
Sold:  2022
Sale Price: $4,800,000 / $600,000 per Unit​​​​​​​

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Redevelopment Site
5717 / 5727 North 7th Street
Phoenix, AZ 85014
​​​No. of Acres: 2.26 Gross  / No. of Units: 258
Seller/Buyer: Southwest Behavioral Health Services / Alliance Residential Company
Sold:  2021
Sale Price: $1,950,000 / $7,558 per Unit 
Multifamily Development Site
N/NWC 90th Street & Raintree Drive 
Scottsdale, AZ 85260​
​​​​No. of Acres: 4.66 Net  / No. of Units: 186
Seller/Buyer: iStar / Greystar Development West
Sold:  2021
Sale Price: $7,350,000 / $39,516 per Unit 
2550 West Ironwood Drive
​Tucson, AZ 85745
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​​​No. of Units: 140
Seller/Buyer: Clear Sky Capital / TMK5 Properties, LLC
Sold:  2021
Sale Price: $27,850,000 / $198,929 per Unit​​​​​​​
SWC 6th Street & Future Packard Drive, Tempe, AZ
​​​No. of Acres: 1.0 Net  / No. of Units: 200
Seller/Buyer: Catellus / Transwestern
Sold:  2021
Sale Price: $6,000,000 / $30,000 per Unit ​
River Grove Multifamily Development Site
SEC Buckeye Rd & El Mirage Rd, Avondale, AZ
No. of Acres / No. of Units: ±9.64 / 180
Seller/Buyer: Glaser Capital Partners / Clear Sky Acquisitions
Sold:  2021
Sale Price: $5,135,000 / $28,528 per Unit​​​​​​​
6824 E Indian School Rd Development Site
Scottsdale, AZ
No. of Acres / No. of Units: ±0.86 / 54
Seller/Buyer: AZ Ocean View, LLC / Magnolia Property Co.
Sold:  2021
Sale Price: $4,000,000 / $74,074 per Unit
Alta Bluewater Multifamily Development Site
​1720 East Camelback Road, Phoenix, AZ
No. of Acres / No. of Units: ±2.79 / 216
Seller/Buyer: Polk Family Trust / Wood Partners
Sold:  2021
Sale Price: $9,850,000 / $45,602 per Unit
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Centra
Phoenix, AZ
No. of Units: 223
Seller/Buyer: Columbus Apartments, LP / Gleiberman Investments, Inc.
Sold:  2021
Sale Price: $74,500,000 / $334,081 per Unit​​​​​​​
Cobalt on 32nd Street
Phoenix, AZ
No. of Units: 90
Seller/Buyer: 32nd Street Partners, LLC / MV Casitas LLC
Sold:  2021
Sale Price: $27,000,000 / $300,000 per Unit
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Mountain View Casitas
Phoenix, AZ
No. of Units: 146
Seller/Buyer: MV Casitas LLC / Marble Partners
Sold:  2021
Sale Price: $31,200,000 / $213,699 per Unit
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Broadstone Rio Salado
Tempe, AZ
No. of Units: 278
Seller/Buyer: Alliance Residential / Decron Properties
Sold:  2021
Sale Price: $96,150,000 / $348,370 per Unit
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Cactus Forty-2
Phoenix, AZ
No. of Units: 200
Seller/Buyer: Olympus Property / The Ezralow Company
Sold:  2021
Sale Price: $56,050,000 / $280,250 per Unit
AVALON
Phoenix, AZ
No. of Units: 117
Seller/Buyer: Pathfinder Partners / Avalon 117, LLC
Sold:  2021
Sale Price: $23,000,000 / $196,581 per Unit
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Village at Aspen Place
Flagstaff, AZ
No. of Units: 222
Seller/Buyer: Village at Aspen Place, LLC / NNC Apartment Ventures
Sold:  2021
Sale Price: $64,500,000 / $290,541 per Unit
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The Sterling
Gilbert, AZ
No. of Units: 107
Seller/Buyer: Pathfinder Partners / Casa Anita Apartments, LLC
Sold:  2020
Sale Price: $30,850,000 / $288,318 per Unit
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Casa Anita
Phoenix, AZ
No. of Units: 224
Seller/Buyer: Casa Anita Apartments, LLC / SB Capital
Sold:  2020
Sale Price: $35,300,000 / $157,589 per Unit
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Peak 16
Phoenix, AZ
No. of Units: 233
Seller/Buyer: Van Trust Real Estate / Virtu Investments
Sold:  2019
Sale Price: $65,250,000 / $280,043 per Unit
HIGH DENSITY T.O.D. DEVELOPMENT SITE
NWC Central Avenue & Indian School Road
Phoenix, AZ
No. of Acres / No. of Units: ±8.2 / 402
Seller/Buyer: Bayless Investment & Trading Co. / Toll Bros.
Sold:  2019
Sale Price: $17,900,000 / $44,527 per Unit / $50 per SF
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Centerra
Scottsdale, AZ
No. of Units: 202
Seller/Buyer: Rincon Partners / Edgehill Investments
Sold:  2019
Sale Price: $36,250,000 / $179,455 per Unit
4th Avenue & Osborn Road Development Site
Phoenix, AZ
No. of Acres: 2.71
Seller/Buyer: Seventh Camel, Inc./3410 Medical Investments, LLC / Masyno Phoenix, LLC
Sold:  2019
Sale Price: $5,745,000 / $48.72 per SF
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The Winfield of Scottsdale
Scottsdale, AZ
No. of Units: 95
Seller/Buyer: The Winfield Apartments, LLC / Winfield Apartments of Scottsdale, LLC
Sold:  2019
Sale Price: $18,300,000 / $192,632 per Unit
3rd Street & Portland Development Site
Phoenix, AZ
No. of Acres: 1.53
Seller/Buyer: Edgehill Investments / Alliance Residential
Sold:  2019
Sale Price: $6,450,000 / $96.97 per SF
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ASU Novus Innovation Corridor - Parcel 3B
Tempe, AZ
No. of Acres: 2.4  / No. of Units: 318
Seller/Buyer: Catellus / Aspen Heights
Sold:  2019
Sale Price: $10,596,800 / $33,323 per Unit / $101.36 per SF​
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Jefferson Chandler
Chandler, AZ
​No. of Units: 283
Seller/Buyer: JPI / Rosewood Property Company
Sold:  2019
Sale Price: $69,250,000 / $244,700 per Unit
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Ridge View
Fountain Hills, AZ
​No. of Units: 150
Seller/Buyer: 29th Street Capital/Clear Sky Capital /
FPA Multifamily
Sold:  2019
Sale Price: $30,300,000 / $202,000 per Unit
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Arcadia 4127
Phoenix, AZ
​No. of Units: 258
Seller/Buyer: Baron Properties / Harbor Group International
Sold:  2019
Sale Price: $40,350,000 / $156,395 per Unit
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Tatum Place
Scottsdale, AZ
​No. of Units: 164
Seller/Buyer: Clear Sky Capital / Rockwell Partners
Sold: 2019
Sale Price: $26,150,000 / $159,451 per Unit
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Broadstone Roosevelt Row
Phoenix, AZ
​No. of Units: 316
Seller/Buyer: Alliance Residential / Weidner Investment Services
Sold: 2019
Sale Price: $84,200,000 / $266,455 per Unit
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Lakeside Drive
Tempe, AZ
​No. of Units: 150
Seller/Buyer: Alliance Residential/Cottonwood Residential / Lakeside Drive Apartments, LLC
Sold: 2019
Sale Price: $44,500,000 / $296,667 per Unit
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1998 Prescott Lakes Parkway
Prescott, AZ
​No. of Units: 150
Seller/Buyer: Clear Sky Capital / NNC Apartment Ventures, LLC
Sold: 2018
Sale Price: $30,250,000 / $201,667 per Unit
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1304 South 105th Place
Mesa, AZ
​No. of Units: 384
Seller/Buyer: Westplan Investors/Kaplan Development, LLC / Cortland Partners
Sold: 2018
Sale Price: $62,000,000 / $161,458 per Unit
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1920 East Indian School Road
Phoenix, AZ
​No. of Units: 220
Seller/Buyer: Trinsic Residential / Banner Acquisitions, LLC
Sold: 2018
Sale Price: $50,500,000 / $229,545 per Unit​​​​​​
KINSEY RIDGE
1718 North Fort Valley Road
Flagstaff, AZ
​No. of Units: 44
Seller/Buyer: ​Clear Sky Capital / Edgehill Investments
Sold: 2018
Sale Price: $7,175,000 / $163,068 per Unit
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2550 West Ironwood Hill Drive
Tucson, AZ
​No. of Units: 140 Units / 484 Beds
Seller/Buyer: ​Stonesfair Financial Corporation / Clear Sky Capital 
Sold: 2018
Sale Price: $17,450,000 / $124,643 per Unit / $26,054 per Bed
Tempe Development Site - ASU Surplus Land
SEC Rio Salado Parkway & Price Road
Tempe, AZ
No. of Acres / No. of Units: ±9.29 / 276
Seller/Buyer: ​Arizona State University / Alliance Residential
Sold: 2018
Sale Price: $11,250,000 / $40,761 per Unit / $27.80 per SF
High Density T.O.D. Multifamily Development Site
NEC Central Avenue & Columbus Avenue
Phoenix, AZ
No. of Acres / No. of Units: ±1.98 / 223
Seller/Buyer: ​Ironline Partners / Fore Property Company
Sold: 2018
Sale Price: $5,150,000 / $23,094 per Unit / $59.82 per SF
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4343 East Soliere Avenue
Flagstaff, AZ
​No. of Units: 102 (out of 204)
Seller/Buyer: ​Clear Sky Capital / Edgehill Investments, LLC
Sold: 2018
Sale Price: $18,575,000 / $182,108 per Unit
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1003 West Washington Street, Tempe, AZ
No. of Acres: 6.01 acres within the Grand at Papago Park Center
No. of Units: 300 Class "A" units
Seller/Buyer: Papago Park Center, LLC / Alliance Residential
Long-Term Ground Lease Completed: 2018
Construction Start: March 2018
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5151 E. Guadalupe Rd. & 5102 E. Piedmont Rd.
Phoenix, AZ
​No. of Units: 552
Seller/Buyer: ​FPA Multifamily / Western Wealth Capital
Sold: 2018
Sale Price: $90,000,000 / $163,043 per Unit
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6131 North 16th Street
Phoenix, AZ
No. of Units: 125
Seller/Buyer: Clear Sky Capital / JM Emerson, LLC
Sold: 2018
Sale Price: $16,000,000 / $128,000 per Unit
PALM VALLEY DEVELOPMENT SITE
N/NWC 145th Avenue & McDowell Road
Goodyear, AZ
No. of Units: 188
Seller/Buyer: ​NLW Arizona, LLC / NextGen Apartments
Sold: 2017
Sale Price: $2,200,000 / $11,702 per Unit / $4.85 per SF
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1303 West Juniper Avenue
​Gilbert, AZ

No. of Units: 107
Seller/Buyer: ​Clear Sky Capital / Pathfinder Partners
Sold: 2017
Sale Price: $18,550,000 / $173,364 per Unit
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3101 North 32nd Street
Phoenix, AZ
No. of Units: 76
Seller/Buyer: Glasir Capital Partners / Rincon Partners, LLC
Sold: 2017
Sale Price: $8,475,000 / $111,513 per Unit
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1725 South Coronado Road
Gilbert, AZ
No. of Units: 366
Seller/Buyer: BT Cisterra Investors, LLC /
​BREIT Olympus MF AZ Venture, LLC
Sold: 2017
Sale Price: $73,200,000 / $200,000 per Unit​​​
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1330 West Broadway Road
Tempe, AZ
No. of Units: 240
Seller/Buyer: Western Wealth Capital / Laguna Point Properties
Sold: 2017
Sale Price: $25,700,000 / $107,083 per Unit
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1925 South Coronado Road
Gilbert, AZ
No. of Units: 382
Seller/Buyer: Redstone at Santan Village Apartments, LLC /
​BREIT Olympus MF Redstone, LLC

Sold: 2017
Sale Price: $71,500,000 / $187,173 per Unit
SWC CENTRAL AVE & INDIAN SCHOOL RD
4040, 4050 and 4060 North Central Avenue
Midtown Phoenix, AZ
No. of Acres: 3.17
Seller/Buyer: 4040 N Central, LLC / Bright Land Holdings, LLC
Sold: 2017
Sale Price: $6,100,000 / $44.17 per Square Foot
EL CONQUISTADOR APARTMENTS
1881 East Irvington Road
Tucson, AZ
No. of Units: 201
Seller/Buyer: Oksenholt F&S Tucson I LLC /
​CCA-El Conquistador Apartments LLC
Sold: 2017
Sale Price: $7,540,000 / $37,512 per Unit
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825 West Queen Creek Road
Chandler, AZ
No. of Units: 272
Seller/Buyer: Crown Realty & Development / FPA Multifamily
Sold: 2017
Sale Price: $40,500,000 / $148,897 per Unit
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1801 South Cutler Drive
Tempe, AZ
No. of Units: 100
Seller/Buyer: Clear Sky Capital / Devistar II Properties, LLC
Sold: 2017
Sale Price: $9,080,000 / $90,800 per Unit
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16801 North 49th Street
Scottsdale, AZ
No. of Units: 164
Seller/Buyer: NNC Apartment Ventures / Clear Sky Capital
Sold: 2016
Sale Price: $18,100,000 / $110,366 per Unit
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350 West 13th Place
Mesa, AZ
No. of Units: 68
Seller/Buyer: Clear Sky Capital / CC Greens Partners LP
Sold: 2016
Sale Price: $6,025,000 / $88,603 per Unit
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1675 East Morten Avenue
Phoenix, AZ
​No. of Units: 225
Seller/Buyer: Alliance Residential and Prudential Global Investment Management / ConAm Asset Management
Sold: 2016
Sale Price: $60,000,000 / $266,667 per Unit
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3601 South Lake Mary Road
Flagstaff, AZ
​No. of Units: 252
Seller/Buyer: Clear Sky Capital / Keller Investment Properties
Sold: 2016
Sale Price: $43,600,000 / $173,016 per Unit
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2222 West Beardsley Road
Phoenix, AZ
​No. of Units: 316
Seller/Buyer: Olympus Property / Rincon Partners
Sold: 2016
Sale Price: $25,200,000 / $79,747 per Unit
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2020 East Inverness Avenue
Mesa, AZ
​No. of Units: 224
Seller/Buyer: Acacia Property Corp / Pathfinder Partners
Sold: 2016
Sale Price: $25,600,000 / $114,286 per Unit
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1283 West Parklane Boulevard
Chandler, AZ
​No. of Units: 180
Seller/Buyer: Clear Sky Capital / 29th Street Capital
Sold: 2016
Sale Price: $21,650,000 / $120,278 per Unit
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13225 North Fountain Hills Boulevard
Fountain Hills, AZ
 No. of Units: 150
 Seller/Buyer: RW Partners LLC / Clear Sky EBH LLC
 Sold: 2016
 Sale Price: $18,800,000 / $125,333 per Unit
Chandler Multifamily Development Site
E/NEC Chandler Blvd & McClintock Drive
Chandler, AZ
 No. of Acres / Units: ±10.79 AC / 283 Units
 Seller/Buyer: Lennar Multifamily / JPI Companies
 Sold: 2016
 Sale Price: $11,280,000 / $39,859 per Unit
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4127 East Indian School Road
Phoenix, AZ
 No. of Units: 259
 Seller/Buyer: Arcadia Sky LLC / Arcadia 4127 Apts LLC
 Sold: 2016
 Sale Price: $23,450,000 / $90,541 per Unit
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3901 Sonoma Springs Avenue
Las Cruces, NM 
No. of Units: 176 Units (out of 256 total)
Seller/Buyer: CS Las Cruces Investco, LLC / Clear Sky Capital Casas De Soledad Apartments
Sold: 2016​
Roosevelt Row Residential Development Site
​NEC 3rd Street & Roosevelt Street
Phoenix, AZ 
 No. of Acres/Units: ±3.33 Acres / 316 Units
 Seller/Buyer: Private / Alliance Residential
 Sold: 2015
 Sale Price: $11,200,000 / $35,443 per Unit
Kierland ​Re-Development Site
​NWC Scottsdale Road & Kierland Boulevard
Scottsdale, AZ 
 No. of Acres/Units: 7.5 / ±660 (+234 Hotel Rooms)
 Seller: 15440 Scottsdale, LLC and 15222 Kierland, LLC
 Buyer: Kierland Center, LLC
 Sold: 2015
 Sale Price: $21,585,000 / $32,704 per Unit
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2300 West Pecos Road
Chandler AZ 
 No. of Units: 163
 Seller/Buyer: Vedura Residential / Olympus Property
 Built/Sold: 2014 / 2015
 Sale Price: $28,700,000 / $176,074 per Unit
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65 East Olive Avenue
Gilbert AZ 
 No. of Units: 120
 Seller/Buyer: Clear Sky Capital / Curtis Capital Group
 Built/Sold: 1984 / 2015
 Sale Price: $12,050,000 / $100,417 per Unit
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4242 East Cactus Road
Phoenix AZ 
 No. of Units: 200
 Seller/Buyer: Cactus 42 Holdings, LLC  / Olympus Properties
 Built/Sold: 2014 / 2015
 Sale Price: $36,000,000 / $180,000 per Unit
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SEC Warner & Gilbert Roads
Gilbert AZ 
 No. of Acres/Units: 13.72 / 256
 Seller/Buyer: AZ Gilbert Holdings 2, LLC  / Alliance Residential
 Sold: 2015
 Sale Price: $3,850,000 / $6.44 per SF / $15,039 per Unit
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1303 West Juniper Avenue
Gilbert AZ 
 No. of Units: 106
 Seller/Buyer: Vintage Gilbert, LLC  / Clear Sky Vintage L.P.
 Built/Sold: 2000 / 2015
 Sale Price: $14,250,000 / $134,434 per Unit
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N/NEC Scottsdale & Camelback Roads
Scottsdale AZ 
 No. of Acres/Units: 1.85 / 159
 Seller/Buyer: Safari 159, LLC / ST Residential, LLC
 Sold: 2014
 Sale Price: $2,850,000 / $35.37 per SF / $17,925 per Unit
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2505 E. Williams Field Road
Gilbert AZ 
 No. of Units: 314
 Seller/Buyer: Alliance Residential  / Farnam Realty, Inc.
 Built/Sold: 2008 / 2014
 Sale Price: $47,100,000 / $150,000 per Unit
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105 North Links Drive
Avondale AZ 
 No. of Units: 251
 Seller/Buyer: PEM  / Shepard Investment Group
 Built/Sold: 2005 / 2014
 Sale Price: $24,000,000 / $95,618 per Unit
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1620 West Southern Avenue
Mesa AZ 
 No. of Units: 156
 Seller/Buyer: Maxx Properties / Unity Pacific Residential
 Built/Sold:  1974 / 2014
 Sale Price: $8,375,000 / $53,686 per Unit
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Loop 101 & 202 Freeways
Chandler AZ 
 No. of Acres: 10.55
 Seller/Buyer: Price & Frye Investments / Hines
 Sold:  2014
 Sale Price: $8,250,000 / $17.95 per SF
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1700 North 103rd Avenue
Avondale AZ 
 No. of Units: 240
 Seller/Buyer: PEM / Alliance Realty
 Built/Sold: 2004 / 2014
 Sale Price: $23,150,000 / $96,458 per Unit
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800 West Queen Creek Road
Chandler AZ 
 No. of Units: 252
 Seller/Buyer: Private / Private
 Built/Sold: 1999 / 2014
 Sale Price: $33,300,000 / $132,143 per Unit
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1801 South Cutler Drive
Tempe AZ 
 No. of Units: 100
 Seller/Buyer: Private / Private
 Built/Sold: 1962 / 2014
 Sale Price: $5,950,000 / $59,500 per Unit
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 3601 South Lake Mary Road
 Flagstaff AZ 
 No. of Units: 252
 Seller/Buyer: Private / Private
 Built/Sold: 2004 / 2014
 Sale Price: $31,850,000 / $126,389 per Unit

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 4255 East Soliere Avenue
 Flagstaff AZ 
 No. of Units: 168
 Seller/Buyer: Private / Private
 Built/Sold: 1997 / 2014
 Sale Price: $22,250,000 / $132,440 per Unit

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1998 Prescott Lakes Parkway
Prescott AZ 
No. of Units: 150
Seller/Buyer: Private / Private
Built/Sold: 1999 / 2014
Sale Price: $15,500,000 / $103,333 per Unit

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1283 Parklane Boulevard
Chandler AZ 
No. of Units: 180
Seller/Buyer: Private / Private
Built/Sold: 1986 / 2014
Sale Price: $15,200,000 / $84,444 per Unit
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4422 North 75th Street
Scottsdale AZ 
No. of Acres/Units: 0.72/112
Seller/Buyer: Private / Deco Communities
Sold: 2014
le Price: $4,050,000 / $36,161 per Unit
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4343 East Soliere Avenue
Flagstaff AZ 
No. of Units: 102
Seller/Buyer: Via West Group / Private
Built/Sold: 2000 / 2014
Sale Price: $11,825,000 / $115,931 per Unit
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3901 Sonoma Springs Avenue
Las Cruces NM 
No. of Units: 178
Seller/Buyer: Private / Private
Built/Sold: 2004 / 2013
Sale Price: $13,150,000 / $73,876 per Unit
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A 5.4 Acre / 316 Unit Development Site
Downtown Scottsdale AZ 

No. of Units: 316 
Seller/Buyer: Equity Partners Group et al / Alliance Realty Partners 
Sold: 2013 
Sale Price: $18,500,000 / $58,544 per Unit
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8250 N. Via Paseo Del Norte
Scottsdale AZ
No. of Units: 112 
Seller/Buyer: Private / Private 
Built/Sold: 1975 / 2013 
Sale Price: $12,700,000 / $113,393 per Unit
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16450 West Van Buren Street
Goodyear AZ
No. of Units: 226 
Seller/Buyer: Private / Private 
Built/Sold: 2008 / 2013 
Sale Price: $23,625,000 / $104,535 per Unit
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350 West 13th Place
Mesa AZ 85201
No. of Units: 68
Seller/Buyer: California Bank & Trust / Clear Sky Capital
Built/Sold: 1986 / 2013
Sale Price: $4,000,000 / $58,824 per Unit
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1920 North 1st Avenue
Tucson AZ 85719
No. of Units: 88 Units / 247 Beds
Seller/Buyer: Lender / Private
Built/Sold: 1972 / 2012
Sale Price: $5,600,000 / $63,636 per Unit
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919 / 1011 / 1019 E Lemon St
Tempe AZ
No. of Units: 232
Seller/Buyer: Private / Private
Built/Sold: 1964-65 / 2012
Sale Price: $10,381,000 / $44,746 per Unit
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4343 East Soliere Avenue
Flagstaff AZ
No. of Units: 102
Seller/Buyer: Private / Private
Built/Sold: 2000 / 2012
Sale Price: $8,175,000.00 / $80,147 per unit
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535 West Thomas Road
Phoenix AZ
No. of Units: 61
Seller/Buyer: ML Manager LLC / Lead Properties V, LLC
Built/Sold: Under Construction / 2012
Sale Price: $2,700,000.00 / $44,262 per Unit
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1718 South Jentilly Lane
Tempe AZ 85281
No. of Units: 137
Seller/Buyer: LNR / Private
Built/Sold: 1968 / 2012
Sale Price: $6,273,750 / $45,794 per Unit
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411 East Indian School Road
Phoenix AZ 85012
No. of Units: 399
Seller/Buyer: LNR / Private
Built/Sold: 1999 / 2012
Sale Price: $36,067,500 / $90,395 per Unit
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5000 North Portales Place
Scottsdale AZ
No. of Units: 9.7 Acres / Entitled for 369 Units
Seller/Buyer: PPL Loan, LLC / JLB Portales Partners, LP
Sold: 2012
Sale Price: $13,877,500 / $32.86 per SF / $37,608 per Unit
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SEC Goldwater Boulevard & Via Soleri Drive
Scottsdale AZ
No. of Units: 3.35 Acres / Entitled for 259 Units
Seller/Buyer: Scottsdale Waterfront, LLC / Broadstone Scottsdale Waterfront, LLC
Sold: 2012
Sale Price: $13,500,000 / $93 per SF / $52,124 per Unit


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