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Arizona MF Trades in Off-Market Transaction
Denver-based Continental Realty Advisors, Ltd. and New York-based GTIS Partners acquired San Palmas at Mission Park multifamily property in Chandler, AZ in an off-market deal. Originally built by Mark Taylor Residential in 1998, the 240-unit garden-style apartment community on 13.92 acres is located at 1111 N. Mission Park Blvd., near Chandler Fashion Center and Highway 101.
The property includes 30 two-story buildings with generous amenities, including controlled access, a clubhouse, fitness center, volleyball court and swimming pool. The partnership plans to renovate the one, two and three-bedroom units, and update the property’s amenities.
San Palmas at Mission Park is the second joint venture between GTIS Partners and Continental, closely following the acquisition of Canyon Reserve in Denver last summer.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition

