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The sale of the 369-unit community represents the largest single-asset core multifamily sale in Arizona's history.
The firm has purchased 1,110 units across the Mountain West region in three separate, off-market transactions.
Bridge Investment Group has acquired three communities in Phoenix, AZ and Albuquerque, NM.
The three-property portfolio includes The Villages at Metro Center and Crystal Creek in Phoenix and Indigo Park in Albuquerque.
The loan both recapitalizes and funds new construction on the Scottsdale, Arizona project.
Marcus & Millichap closed the sale of the eight-asset, 1,077-unit, ERGS portfolio.
Western Wealth Capital has purchased the five-property, 880-unit portfolio from Weidner Apartment Homes.
The self-storage stocks out-performed many of the market indices in 2021, generating a total return of 65.54%.
The fall in the apartment index shows that it may be harder to find multifamily investment opportunities in the current market.
The firm closed the loan for the acquisition, lease-up and renovation of a four-property, class A office complex in the city's Camelback corridor.