An entity formed by Tides Equities has acquired Park at Deer Valley Apartments for $56.7 million from an entity formed by Billah Khan, of Chandler, Arizona. The acquisition is part of Tides aggressive acquisition strategy in the market.

To capitalize the transaction, Tides secured a $49.1 million acquisition loan. James DuMars and Griffin Martin, of NorthMarq's debt/equity team secured the funds on behalf of the borrower.

The NorthMarq Phoenix investment sales team of Trevor Koskovich, Bill Hahn and Jesse Hudson represented both the seller and the buyer in this transaction.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.