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Apartment Ventures’ $64M Acquisition Marks its Fourth SW Buy

Apartment Ventures NNC recently acquired the Village at Aspen Place, a 222-unit class-A mixed-use apartment. The Village was built in 2015 within Aspen Place at the Sawmill, Flagstaff’s lifestyle center.

The $64.5 million transaction marks Apartment Ventures’ fourth Southwest institutional-level acquisition in as many years. This brings its Southwest portfolio close to 1,000 units representing one quarter-billion dollars of investment.

Though many firms have moved into the Southwest market in recent years, Apartment Ventures has been investing in the area for more than three decades. These long-term and well-developed relationships played an integral part in Apartment Venture’s acquisition of the property. In addition, its underwriting metrics and extensive local market knowledge were key factors.

For comments, questions or concerns, please contact Lisa Brown

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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