Three Weekly Rental Communities Trade in Phoenix
The multifamily portfolio is located in Midtown Phoenix and Grand Canyon University and sold for $25 million.
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.