Brixton paid $82 million for a Phoenix warehouse district apartment complex. Wood Partners sold the 300-unit Alta Warehouse. A CBRE team led by Asher Gunter represented Wood Partners.

The newly built community features one-, two- and three-bedroom units. The four-story community’s amenities include a two-story clubhouse and game room, resident library and music room, fitness center, resort-inspired pool area and a rooftop entertainment space. The property is located in the growing warehouse district in Downtown Phoenix. The area has become a technology and bioscience employment hub, in addition to the district’s collection of restaurants, galleries and music venues.

Mark McGovern with CBRE Capital Markets’ Debt and Structured Finance team secured a $47.25 million fixed-rate loan on behalf of Brixton Capital. It’s Brixton’s second multifamily community in Downtown Phoenix’s warehouse district.