December 22, 2024 11:56 pm
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No. Calif.-based investor adds to valley apartments holdings with 269-units in Mesa

Business Real Estate Weekly by Rose Law Group

Mesa – OP Waterstone LLC, a company formed by OpenPath Investments LLC in Kentfield, Calif. (Peter Slaugh, principal), paid $17.125 million ($63,662 per unit) to buy the 269-unit Waterstone apartments located at 1651 S. Dobson Road in Mesa. The seller was Gelt Dobson Holdings LLC, a company formed by Gelt Inc. in Tarazana, Calif. (Steve Wasserman, Keith Wasserman, Damian Langere, principals). The sale was brokered by Ric Holway and Mark Forrester of Hendricks-Berkadia in Phoenix. Continue reading

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