The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
October 27, 2021
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



HOME PAGE NEWS
Printer-friendly Version   Email an Associate
Phoenix Apartment Property Sells for $60 Mil

9/28/21

The Amara, a 302-unit apartment property in Phoenix, was acquired for $60 mil ($199k/unit) by a private investor in Washington state.

The Amara is a two-story property located at 2802 East Osborn Rd between Phoenix’s Biltmore and Arcadia neighborhoods. The units feature stainless steel appliances, wood floors, composite countertops, and craftsmen-inspired cabinetry. The property includes three pools and bike paths.

Brian Smuckler, Jeff Seaman, Derek Smigiel and Bryson Fricke of CBRE represented both the buyer and seller in the off-market transaction. According to Smuckler, as one of the strongest multifamily markets in the U.S., the Greater Phoenix metro area continues to see unmatched demand from private investors, many from out of state who are looking for stable, income-producing assets.

A recent CBRE survey of commercial real estate investors ranked Phoenix as a top-10 target among America’s metros. The Sun Belt market jumped five spots to #4 in the firm’s 2021 Americas Investor Intentions Survey.




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