News
Phoenix Multifamily

Oregon Investor Buys Gilbert Square Apartments

Gilbert Square Apartments at 1821 E Covina St in Mesa traded hands for $10.7M. CA-based Exchange Services sold the property to Gilbert Square Equity of Portland, OR. Berkadia's Mark Forrester, Ric Holway and Dan Cheyne negotiated the sale, while Chad Williams originated a fixed-rate acquisition loan through Berkadia’s Fannie Mae Program, AZ Big Media reports. Built in 1979, the property is now 93% occupied. [AZBM]

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

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Bringing Stability And Savings To CRE Insurance Through Working Layer

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy

SEC Charges REIT, Its Founders With Alleged $152M Fraud Scheme

Miami's Condo Craze Has Developers Spending Millions On Sales Galleries

Slate, Hudson Cos. Picked To Develop Massive Queens Housing Project

Ryan Cos. Secures Permit For Austin's Sixth Street Redevelopment

Developer Lands $73M Bridge Loan For Phoenix Build-To-Rent Community

Rapper Rick Ross Joins 670-Unit Miami Gardens Condo Project

How A New Financing Model Helps Spur More Mixed-Income Housing

Riverwards Group Secures Construction Financing For 155 Units In Olde Richmond

Mesirow Pays $132M For Midtown Luxury Apartment Tower