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Weidner Takes 258-Unit MF Property for $17M

PHOENIX-The Kirkland, WA-based firm buys Monterra, a class A apartment complex, for $16.7 million in an off-market transaction.

By Jennifer Duell Popovec | Updated on June 22, 2010

PHOENIX-Weidner Investment Services has acquired the 258-unit Monterra, a class A apartment complex, for $16.7 million in an off-market transaction. The company bought the property from Aslan Realty Partners, a Chicago-based investment fund.  

Monterra is the first of several multifamily acquisitions the Kirkland, WA-based company plans to make in the Phoenix metro area, according to Jack Hannum, a vice president with Transwestern’s local office. He and partner Bret Zinn, also a vice president with Transwestern, brokered the deal.

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