Phoenix & Southwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
CBRE Completes $53M Sale of Arizona Apartment Community
Aldea at Estrella Falls, a 328-unit Class A multifamily property, located at 2400 N. Bullard Ave. in Goodyear, AZ, has traded hands. Eugene, OR-based Umbrella Properties acquired the asset from Seattle-based PrivatePortfolio Group for $53.14 million.
Developed in 2008 by Trammell Crow Residential, the garden-style community offers large one, two and three-bedroom floor plans averaging 991 square feet. Aldea at Estrella Falls is located in the Palm Valley master-planned community west of Phoenix.
CBRE’s Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch represented the seller.
CBRE’s Cunningham says, “Aldea at Estrella Falls has an attractive low-density site plan featuring excellent amenities and large floor plans, suitable for value-add improvements. The community’s location in the Palm Valley master plan provides a long-term competitive advantage.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition

