Two Multifamily Communities in Phoenix Find New Landlords
- Aug 21, 2015
The second apartment complex is a 282-unit community located at 3330 West Greenway Road. It features studio, one- and two-bedroom floorplans. Amenities include a swimming pool, spa, clubhouse, and barbeques. WWC Holdings, LLC of Scottsdale, Ariz. paid $17 million to acquire the asset.The two deals were arranged by Senior Managing Director Mark Forrester and Managing Director Ric Holway, both with Berkadia.
“Steady job growth and rising income levels are driving increasing multifamily demand in the Phoenix market,” Forrester said in a prepared statement. “Our team marshaled our significant regional experience and market expertise to close these deals at competitive price.”Image Courtesy of Yardi Matrix