Recent Successes
No. of Units: 202
Seller/Buyer: Tanbic Edgehill / Cortland Sold: 2022 Sale Price: $74,750,000 / $370,050 per Unit 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 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 |