The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
June 15, 2024
 Search RENTV
 The REview
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
Decron Closes 328-Unit Phoenix Res Buy


Decron Properties has acquired Tamarron Apartments, a 328-unit garden-style multifamily community in Phoenix, for $128 mil ($390k/unit). Tamarron, which comes on the heels of Decronís recent $107.5 mil purchase of Ascent at Papago, increases Decronís local portfolio to approximately 2,100 units.

Built in 2005, Tamarron is located at 4410 N 99th Ave. The community offers a mix of one-, two- and three-bedroom floor plans housed in 42 two-story residential buildings. Decron plans to make upgrades to both the units and common areas that will reflect the high standards of excellence residents of all Decron properties have come to expect.

While Tamarron is Decronís eighth acquisition in Phoenix, it is the firmís first in the West Valley, a booming submarket with 1.7 mil residents that is expected to grow to 2.1 mil by 2030. The growth has been fueled by an influx of large industrial and healthcare companies moving into the area.

To accommodate the migration into the area of companies such as Taiwan Semiconductor Manufacturing Company, KORE Energy and countless logistics companies, more than 25 msf of industrial buildings are currently under construction. Healthcare is another growing industry in the market, with 36% of all healthcare workers in Maricopa County living in the West Valley.

Return to the Archive 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 © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media