PHOENIX—The Cooke multifamily team at Colliers International in Greater Phoenix recently completed the sale of the 1,114-unit, three multifamily portfolio in Phoenix. The value-added properties total 989,463 square feet and combined acreage of 44.56.
The size of this class A and class B-plus portfolio attracted attention from investors around the world. The deal was awarded to an affiliate of BHE Acquisitions, LLC of Des Moines, IA by Bascom Arizona Ventures of Scottsdale. The portfolio included: Estates on Maryland, 1802 W. Maryland Ave., Phoenix, 330 units; Madera Point, 445 S. Dobson Rd., Mesa, 256 units; Pointe at the Foothills, 4424 E. Baseline Rd., Phoenix, 528 units.
Cindy Cooke, senior executive vice president and Brad Cooke, senior vice president of Colliers International, served as the brokers for the seller. The buyer was self-represented.
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