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Knightvest Capital Claims Tempe MF for $63M
Knightvest Capital acquired Signature Place, a 300-unit multifamily community in Tempe, from Western Wealth Capital for $62.5 million. The property is located at 600 W. Grove Parkway in south Tempe.
Community amenities include two resort-style swimming pools, a fitness center, lighted tennis courts, and outdoor grilling areas. All units at Signature Place have nine-foot ceilings, fully equipped kitchens, full-size washers and dryers, and private patios. Select units have walk-in closets, dual vanities, and fireplaces.
Knightvest Capital’s Phil Lake says, “Signature Place is a great addition to our Phoenix portfolio. The seller was cognizant of the unique transaction environment and together we were able to deliver an outcome that was mutually beneficial.”
CBRE’s Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch of Phoenix Multifamily Institutional Properties represented the seller.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition

