Recent Successes
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SWC 6th Street & Future Packard Drive
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 / $137.74 per SF 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 / $136 per SF 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 / $106 per SF 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 / $81 per SF 
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 |
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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 |