$5M+ Deals – $148M in apartment deals; Chandler commercial

Below are the deals that closed Tuesday, September 29, 2015 in Maricopa County over $5M according to the Maricopa County Recorder. Rose Law Group Reporter has not independently verified these transactions.

Price: $100.5M
Buyer: IMT Capital III Deer Valley, LLC
Seller: Deer Valley Apartments NF, LLC
Property Type: Apartments, Deer Valley Village
Property Size: 43.3 acres, 832 units
Location: E of N 31st Ave & W Yorkshire Dr in Phoenix – 3010 W Yorkshire Dr & 19645 N 31st Ave
APN: 206-09-005, 206-09-035
Financing: $25.125 on a Freddie Mac loan

To view the affidavit, click here. For more info, click here.

Price: $34.6M
Buyer: Abacus Multi-Family Partners III LP
Seller: Gelt Mill Holdings, LLC
Property Type: Apartments, Mill Pointe & 201 West
Property Size: 20.6 acres, 442 units
Location: S Mill Ave & US60 in Tempe – 4130 S Mill Ave & 201 W Hermosa Dr
APN: 133-40-005D, 133-40-006D, 133-40-230D
Financing: $8.65M down on new loan

To view the affidavit, click here.

Price: $14.05M
Buyer: FPA5 Montana, LLC
Seller: Aion BG Montana Holdings, LLC
Property Type: Apartments, The Montana
Property Size: 8 acres, 134 units
Location: S 36th St & E Baseline Rd in Phoenix – 7611 S 36th St
APN: 301-20-048
Financing: $500K down on assumption of existing loan

To view the affidavit, click here.

Price: $14.05M
Buyer: Crown Castle USA, Inc.
Seller: MDB CC Chandler, LLC
Property Type: Commercial
Property Size: 8.8 acres, 70,000 SF
Location: W of S Gilbert Rd & E Germann Rd in Chandler – 2055 S Stearman Dr
APN: 303-30-002N, 303-31-011A
Financing: Cash

To view the affidavit, click here.

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September 2015