Canadian investor bolsters apartment holdings…pays $15 million for 288 units in Mesa

Business Real Estate Weekly by Rose Law Group

Mesa – A company formed by investor Haya Zilberboim of Emma Capital Inc. in Toronto, Ontario, Canada paid $15 million ($52,083 per unit) to purchase the 288-unit Sendero Ridge apartments located at 945 W. Broadway Road in Mesa. The seller was Pimal Property Inc. in Scottsdale (Wilson Lam, pres.). The deal was negotiated through Mark Forrester and Ric Holway of Hendricks-Berkadia in Phoenix. Maricopa County records show the buyer acquired the multi-family project with a $11.25 million loan from New York Community Bank. Continued

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June 3, 2014

family planning, Housing, Multi-Family, real estate

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Canadian investor bolsters apartment holdings…pays $15 million for 288 units in Mesa

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