CA Investor Bags Phoenix Apts for $14M

Alabasas, CA-based Commercial Realty Consultants acquired the 128-unit Waterford On Tatum apartments at 15425 N Tatum Blvd in Phoenix for $14M, CoStar reports, or about $111k per unit. Alon Schnitzer, Rue Bax, John Kobierowski, Doug Lazovick and Edward Chang of ABI Multifamily represented the seller, Stoneleigh Cos, while the buyer repped itself. The property dates from 1985 and includes 32 one-bedroom and 96 two-bedroom units.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Phoenix Newsletters
Related Stories

How UK Investment Giant L&G Plans To Grow Its U.S. Multifamily Holdings

Properties Owned By REIT Accused Of Fraud To Be Auctioned Off

Major NYC Multifamily Firm Expands With Tech-Driven Operations

Multifamily's Days As Commercial Real Estate's 'Golden Child' Are Over

Riverwards Secures $36M In Construction Financing For Philly Apartment Project

Lioncor Bets Ireland's Residential Reset Can Unlock A New Wave Of Capital

Structural Design Decisions Can Box Owners In. The Right Partner Can Help Them Make More Informed Decisions

How Miami Multifamily Developers Are Approaching Dealmaking Today

The Multifamily Boom Is Putting HVAC Decisions Back In The Spotlight

Mamdani Officials, RGB Members Had Frequent Contact Before Rent Freeze, Communications Reveal

Elme Finishes Liquidating With 3 D.C.-Area Sales

Boston's High-Rise Multifamily Era Is Over. Developers Don't Expect It To Return Soon