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$5M Deals – $20M Multifamily Sale

Below are the deals that closed by Thursday August 4, 2016 in Maricopa County over $5M according to the Maricopa County Recorder. Rose Law Group Reporter has not independently verified these transactions.

Price: $20.3M
Buyer: RNCV, LLC c/o Roselawn Management Co., LP
Seller: RSF Borrower, LLC c/o Bean Investment Real Estate
Property Type: Multifamily
Property Size:  207 units, 10.9 acres
Location: SW of the SWC of W. Peoria Ave. and N. 43rd Ave. in Glendale (10201 N. 44th Dr.)
APN: 148-06-590A
Financing: $5.075M down on new loan

To view the affidavit, 20160555566, click here.

 

Price: $8.8M
Buyer: Tricon/COB Dollbeer, LP
Seller: Empire Mobile Home Parks, LLC
Property Type: Mobile Home Park
Property Size: 16.587 acres
Location: SEC of E. Main St. and S Hawes Rd. in Mesa (8421 E. Main St.)
APN: 218-44-001F, 001G
Financing: $2.788M down, assumption of existing loan

To view the affidavit, 20160555606, click here.

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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.