Canada’s Western Wealth Capital Becomes Major Player In Multifamily Market
Four recent Phoenix purchases have rendered Western Wealth Capital a serious contender in the multifamily market. The company, based in Vancouver, Canada, spent the past six weeks gathering valuable assets, including a majority of the units in Signature Place Condominiums for $40M, Mesa’s Valencia Crossing for $27M, and most recently, the Greater Phoenix IV Portfolio, CoStar reports.
The $41.5M acquisition of the Greater Phoenix IV Portfolio included Sandal Ridge, Penny Lane, Las Vistas at Papago Park, and Desert Wind for a total of 748 units. This leaves Western Wealth Capital the owner of 21 multifamily properties and 3,487 units in the Phoenix area alone. [CoStar]