The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
January 24, 2021
 Search RENTV
 Video Programs
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
Knightvest Capital and Torchlight Investors Acquire 342-Unit AZ Residential Property


A partnership between Knightvest Capital and Torchlight Investors paid $87 mil for Shade at Desert Ridge, a 342-unit ($254.4k/unit) multifamily community in Phoenix.

Built in 2007, Shade at Desert Ridge amenities include a lap pool and a resort-style pool area with fire and water features, a state-of-the-art fitness center with Peloton bikes, modern resident clubhouse with demonstration kitchen, one-of-a-kind dog park, grilling station and parcel pending lockers.

Located in the North Phoenix submarket of Desert Ridge, the community is within walking distance of approximately 1.6 msf of retail amenities, including three power centers across Tatum Blvd. from Shade at Desert Ridge.

CBRE’s Tyler Anderson, Sean Cunningham, Asher Gunter, Matt Pesch, and Mark McFate of Phoenix Multifamily Institutional Properties represented the seller, Ergas Group. Rocco Mandala of CBRE Debt & Structured Finance arranged debt on behalf of the buyers.

“Shade at Desert Ridge’s resident-centric amenities are among the finest in North Phoenix and the community’s excellent location in walking distance of the highest concentration of retail in the region is unbeatable,” said Pesch.

Founded in 2007, Knightvest has become a major player in repositioning multifamily assets, transforming more than 100 properties, and consistently delivering exceptional returns for investors, and a better quality of life for residents.

Return to the previous page





Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2021 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media