JLL closes two private capital multifamily assets in Metro Phoenix totaling $20.65 Million
United States, Sept. 10 -- JLL Capital Markets announced today the sale of two garden-style apartment communities totaling $20.65 million across the Phoenix metropolitan area, demonstrating strong private capital demand for value-add opportunities in supply-constrained markets.The transactions include the $10.7 million sale of Maryland Greens, a 78-unit community in Phoenix that sold from Maryland Green Multifamily, LLC to Neighborhood Ventures, and the $9.95 million sale of The Rio, a 44-unit community in Mesa that sold from Capital Allocation Partners to White Haven. JLL represented both buyers and sellers in these strategic acquisitions.Maryland Greens, located at 749 East Maryland Ave. in Phoenix, features 78 one-bedroom units averaging...
To read the full article or to get the complete feed from this publication, please
Contact Us.