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
   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?





MULTIFAMILY NEWS
Printer-friendly Version   Email an Associate
CVG Properties Buys Build-to-Rent Community in Phoenix for $27 Mil

8/04/23

CVG Properties purchased Proximity Baseline, an 80-unit build-to-rent (BTR) property in Phoenix, for $27.2 mil in an off-market deal. The community, located at 1700 East Baseline Rd, was sold by Avenue North.

The detached and duplex single-family residences come in either one- two- or three-bedrooms and feature 10' to 14' high ceilings, stainless steel appliances, vinyl flooring and smart home technology. Each unit has a private backyard with a patio.

Proximity Baseline represents CVG's first BTR acquisition in Phoenix and will be renamed The Linq @ South Mountain. The BTR sector has boomed in recent years across the Valley. Since 2018, developers have delivered more than 10,000 BTR units in Arizona.

Griffen Tymins, Sean Cunningham, Asher Gunter, Matt Pesch and Austin Groen of CBRE's institutional multifamily practice in Phoenix represented the seller in the transaction. CVG Properties is a real estate investment firm that targets multifamily properties throughout the Western and Sunbelt states, primarily focusing on California, Arizona, Utah and Texas.





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