PHOENIX—ABI Multifamily has brokered the sale of a North Paradise Valley, 128-unit, multifamily property, Waterford on Tatum Apartments, for $14 million or $110,742 per unit.
The buyer, a private partnership, based in Calabasas, CA, is an experienced multifamily investor with hundreds of units in the Phoenix market.
The seller, Stoneleigh Companies, based in Barrington, IL, with a local office in Scottsdale, is an experienced multifamily developer and institutional caliber investor. Stoneleigh currently operates approximately 4,000 units nationwide and is under construction on six other new multifamily communities in the US.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
