April 19, 2024 8:29 am
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Aventerra at Dobson Ranch Apartments sell for $38.425M

aventerraVizzda – The Aventerra at Dobson Ranch Apartments sold Tuesday for $38.425m or $66,710 per unit to Bridge Investment Group Partners. The ownership group of Joseph Rosen & Michael Thom, doing business as Summit Equities Investments, had acquired these apartments in a bank sale on November 1, 2011 for $29.1m or $50,520 per unit, financed in part by an Freddie Mac multifamily loan of $22.388m. Bridge Investment Group Partners are assuming this loan and have taken on a second Freddie Mac loan in the amount of $5.5m. Joseph Rosen, president of Summit Equities Investments, and Danuel Stranger, chief investment officer of Bridge Investment Group Partners, closed the deal.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.