The Valley is one of only two markets in the country set to deliver more than 20,000 apartment units in 2022, according to a national report by Texas-based RealPage. Here’s how the numbers break down.
It was a big year for multifamily transactions in metro Phoenix. Here are the biggest deals, along with look at what’s expected for 2022.
ABI Multifamily announced the sale of the Metro Phoenix 5 Portfolio, one of the largest marketed Arizona multifamily portfolio sales to date, for a combined $414,500,000 between five properties and 1,448 multifamily units in Chandler, Gilbert, & Mesa, Arizona.
GFT Investments I LLC, an entity formed by trustee Roger Grove, sold the asset to Phoenix-based 3rd Ave Investments LLC, led by Zev Hendeles, for $25.5 million.
The 188-unit Soleil apartment community, built in 1995, comprises 47 percent one-bedroom units, 47 percent two-bedroom units, and 6 percent three-bedroom units.
CBRE has negotiated the $30.75 million sale of the 352-unit Glendale, Arizona apartment community Solano Vista.