Flagstaff, Arizona, is experiencing a growth spurt. FPA Multifamily has acquired the 132-unit Pinecliff Village Apartments in Flagstaff for $21.4 million from Sanchez Brothers LLC, an entity formed by David and Augustus Sanchez, of Utah, was the seller. The acquisition brings the company's portfolio to 118,000 units.

The property is located at 1105 East Ponderosa Parkway, and features one and two bedroom apartments, along with private balconies and patios, a dog park and direct access to parks and trails.

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.

Phoenix
Multifamily
Capital Markets
West