More Regions 

Asher Gunter, Matt Pesch, Tyler Anderson, Sean Cunningham



Sales Total

$5.3 billion

Co-brokered the $325 million sale of the 1,222-unit Vaseo

Brokered the $312.5 million sale of Ascend at Kierland and Elite North Scottsdale, representing the highest price-per-unit transaction in Arizona to date

The CBRE Institutional Properties team in Phoenix closed approximately $5.3 billion in multifamily investment sale transactions in 2021, a 121% increase from 2019 and a 174% jump from the team’s 2020 sales volume.

The CBRE team brokered deals throughout the year that set multiple new benchmarks, as record multifamily investment activity in Phoenix pushed market pricing to new highs. The CBRE team handled seven of the top 10 largest transactions (dollars per unit), including the highest price-per-unit transaction in Arizona’s history. Transactions included the $312.5 million sale of Ascend at Kierland and Elite North Scottsdale, and the 1,222-unit Vaseo, a co-listing with Berkadia, which traded for $325 million.

Other large-sale closings included Heritage at Deer Valley (832 units) for $178.5 million, District at Scottsdale (332 units) for $150.5 million, and Ten01 on the Lake (523 units) for $146 million.

The CBRE team of 14 professionals and support members consistently delivered successful outcomes on over 50 transactions during 2021, with experienced team leaders providing trusted direction for clients during an unprecedented investment year.


Inside The Story

CBRE's Asher GunterCBRE's Matt PeschCBRE's Tyler AndersonCBRE's Sean Cunningham

About Amy Wolff Sorter

I love content. I love writing it, visualizing it, and manipulating it to fit into different formats. I have years of experience in working with content, both as creator and editor. The content I create and edit provides assistance with many goals, ranging from lead generation, to developing street cred through well-timed thought-leadership pieces. Content skills include, but aren't limited to, articles and blogs, e-mails, promotional collateral, infographics, e-books and white papers, website copy and more.