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Canadian Investor Acquires Phoenix MF for $90M
Two entities formed by Vancouver, Canada’s Western Wealth Capital purchased Carlyle at South Mountain Townhomes & Apartments in Phoenix for $90 million. The seller included entities formed by San Francisco-based FPA Multifamily.
The a 552-unit community is located at 5151 E. Guadalupe Rd. and 5102 E. Piedmont Rd., along the Interstate 10 freeway between Guadalupe and Elliot. The property’s location provides golf course frontage along the Arizona Grand Golf Course, and is adjacent to the South Mountain Park & Preserve.
Built in 1996 and 1997, the asset offers one to three-bedroom floor plan configurations, as well as two fitness centers, two clubhouses, four swimming pools and three spas.
Cushman & Wakefield’s Steven Nicoluzakis and David Fogler brokered the transaction.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition

