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Pathfinder Takes on Copper Creek Ownership

TEMPE, AZ-San Diego-based Pathfinder Partners strikes a deal with Equity Residential for the 144-unit multifamily property, with plans to spend an approximate $1.6 million on interior and exterior upgrades.

By Amy Wolff Sorter | Updated on May 20, 2013

TEMPE, AZ-San Diego-based Pathfinder Partners LLC acquired the 144-unit Copper Creek for its eighth buy in the metro area. The SoCal buyer paid Chicago-based Equity Residential Properties $16.1 million for ownership rights of the 1980s-built multifamily property.

Pathfinders Partners also plans a $1.6 million investment to the property at 3501 S. McClintock Dr. The upgrades will include a new clubhouse/gym, exterior paint and landscaping complete with a dog park. Select units will be outfitted with new flooring, cabinetry, countertops, finishes, fixtures, appliances and fresh paint. Also in the works is rebranding – and new signage will be installed. A spokeswoman with Pathfinder Partners tells GlobeSt.com that the new name has not yet been decided on, but should be within the next 30 days. She also says the company hired San Diego based Sunrise Management to manage the complex.

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