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Tuesday, 15 May 2018

382-Unit Apartment Property in Phoenix Fetches $33.35Mln

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Capital Real Estate has acquired Prescott on Thomas, a 382-unit multifamily complex in Phoenix, for $33.35 million, or about $87,304/unit.

The Denver company bought the garden-style property from an affiliate of Abacus Capital Group, which had purchased it three years ago for $24.35...


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“The Weekly”

“The Weekly” is Commercial Real Estate Direct’s PDF newsletter, sent to subscribers every Friday morning. With over 100 news stories published on Commercial Real Estate Direct each week, “The Weekly” features the top stories in commercial real estate that industry participants need to know first. “The Weekly” also contains:

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Additional Info

  • Syndicate to Realpoint: No
  • Cities: Phoenix
  • States: Arizona
  • Sector: Multifamily
  • Subject: Property Acquisitions (ACQ)
  • Valuation: Between $25 million and $50 million
  • Private: Yes
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Dan Moynihan

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