Acacia Capital Corp. has acquired the 244-unit San Marquis apartments in Tempe for $58.5 million from a joint venture between Sequoia Equities and Mark-Taylor Residential.

The property is a class-A multifamily property featuring outdoor entertainment kitchen, state-of-the-art fitness center with stone and travertine finishes, and a luxury resident clubhouse. It has one-, two- and three-bedroom floorplans.

CBRE’s Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch of Phoenix Multifamily Institutional Properties represented the sellers in the deal.

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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.