A three-property portfolio of weekly apartment rentals has trades hands in Phoenix for $25 million. Jevan Capital purchased the properties from a private investor.

The properties are located in Midtown Phoenix and Grand Canyon University offer strong appeal to a variety of rental demographics, and recent improvements to the properties have contributed to their desirability. Those property investments have included new boiler, chillers and asphalt seal coating, among others.

ABI Multifamily Partner Eddie Chang represented the Buyer Jevan Capital PLLC, with support from senior managing partners John Kobierowski, Alon Shnitzer, Rue Bax and partner Doug Lazovick.

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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