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7/23/26
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A joint venture between Phoenix Capital Management and P.B. Bell has obtained a $51.8 mil senior loan refi on Everly Morrison Ranch, a 236-unit, Class A garden-style multifamily community in Gilbert, AZ. The new loan was provided by PCCP.
Built in 2025, Everly Morrison Ranch is located at 4353 E. Elliot Rd. The 97% leased community is situated within Morrison Ranch, a master-planned neighborhood in Gilbert.
Everly Morrison Ranch includes 36 two-story buildings with an average unit size of 986 sf. The unit mix includes one-bedroom (31%), two-bedroom (57%) and three-bedroom (12%) floorplans with interiors featuring stainless steel appliances, quartz countertops, smart home technology, 9’ ceilings, and plank-style flooring. Community amenities include a resort-style pool and spa, private workspaces, EV charging stations, tot lot, and a dog park. Select floorplans include attached or detached garages, with additional detached garages available for rent throughout the community. The property is self-managed by P.B. Bell.
Gilbert is a greater Phoenix suburban submarket which benefits from A-rated public schools, sustained population growth, and affluent surrounding demographics. The property also enjoys access to more than 80,000 jobs within a 20-minute drive, including major employment corridors throughout Gilbert, Chandler, and Mesa anchored by employers such as Intel, Wells Fargo, Boeing, Banner Health, and the region’s expanding advanced manufacturing corridor. Nearby retail amenities include SanTan Village, featuring tenants such as lululemon, Apple, Macy’s, and Topgolf, in addition to Costco, Target, Fry’s, Sprouts, and a wide range of dining and entertainment options nearby.
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