November 22, 2024 2:13 pm
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ConAm spends $33M for Pointe at South Mountain apartments

Pointe South Mountain

BPointe South Mountainy Business Real Estate Weekly

A company formed by ConAm Group of Cos. in San Diego, Calif. (Daniel Epstein, chairman) paid $33 million ($90,659 per unit) to buy the 364-unit Pointe at South Mountain apartments located at 8809 S. Pointe Parkway East in Phoenix.

The seller was CH Pointe at South Mountain Communities LLC, a company formed by ColRich in San Diego, Calif. (Danny Gabriel, principal).

The deal was brokered by Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch of CBRE in Phoenix.

The buying entity was CA Phoenix Pointe Owner LLC, a company formed by Continental American Properties (also called ConAm).

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