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$5M+ Deals – $49M in 2 Phoenix apartment deals

Below are the deals that closed Thursday, November 19, 2015 in Maricopa County over $5M according to the Maricopa County Recorder. Rose Law Group Reporter has not independently verified these transactions.

Price: $33M
Buyer: FPA5 Monte Verde, LLC
Seller: 3601 East McDowell Road Holdings, LLC
Property Type: Apartments, Monte Verde Apartments
Property Size: 9  acres, 435 units
Location: SEC N 36th St & E McDowell Rd in Phoenix (3601 E McDowell Rd)
APN: 121-01-216
Financing: Cash
To view the affidavit, click here.

Price: $16.2M
Buyer: 32nd Street Apartments, LLC
Seller: GRE Cobalt, LLC
Property Type: Commercial, Cobalt on 32nd Street
Property Size: .2  acres, 24,510 SF
Location: SWC N 32nd St & E Union Hills Dr in Phoenix (18350 N 32nd St, Units 101-119)
APN: 214-02-631 (18 other parcels included in affidavit)
Financing: Cash
To view the affidavit, click here.

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© 2024 Rose Law Group Reporter

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.