$5M+ Deals – BH Management drops $116M for 1,114 apartment units in Valley

Below are the deals that closed Wednesday, August 5, 2015 in Maricopa County over $5M according to the Maricopa County Recorder. Rose Law Group Reporter has not independently verified these transactions.

Price: $52.275M
Buyer: BHE Acquisitions, LLC
Seller: MSBAZV Brookstone, LLC
Property Type: Apartments, The Pointe at the Foothills Apartments
Property Size: 23.4 acres, 528 units
Location: S Power Rd & E Baseline Rd in Phoenix (4424 E Baseline Rd)
APN: 123-19-004D
Financing: $20.9M down on new loan

To view the affidavit, click here.

Price: $41.2M
Buyer: BHE Acquisitions, LLC
Seller: MSBAZV Maryland, LLC
Property Type: Apartments, Estates on Maryland Apartments
Property Size: 11.7 acres, 330 units
Location: N 19th Ave & W Maryland Ave in Phoenix (1802 W Maryland Ave)
APN: 156-45-298
Financing: $14.3M down on new loan

To view the affidavit, click here.

Price: $22.525M
Buyer: BHE Acquisitions, LLC
Seller: MSBAZV Madera, LLC
Property Type: Apartments, Madera Point Apartments
Property Size: 9.4 acres, 256 units
Location: S Dobson Rd & W Broadway Rd in Mesa (445 S Dobson Rd)
APN: 134-30-001Q
Financing: $9M down on new loan

To view the affidavit, click here.

For more info on all three deals, check out Business Real Estate Weekly.

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