Fourth of Four Phoenix Multifamily Properties Sold by KKR
The $68.5 million sale of Ponderosa Ranch, a 272-unit, multifamily real estate community in Tempe, Arizona was the last remaining property to close from a 864-unit, four-property portfolio. Newmark’s Brad Goff, Brett Polachek, and Chris Canter represented the seller, KKR, in the sale to an undisclosed buyer. The total consideration of the four properties was $275 million.
“We are pleased to complete the disposition of this portfolio on behalf of KKR,” said Goff. “Each property offers proximity to some of the city’s most popular destinations and activities and provides easy access to several major freeways while offering the opportunity for value-add upgrades, allowing new ownership to capitalize on the Phoenix area’s remarkable rent growth.”
Ponderosa Ranch is a 272-unit, garden-style multifamily community built in 1983. The other three apartment communities included Omnia on 8th and Omnia McClintock in Tempe and Palm Trails in Chandler.
Apartment buildings for sale
Check out the latest properties available on apartmentbuildings.com
1404 Silver Ave SW
Albuquerque, NMPhoenix & Southwest + Apartments
Learn MoreListing Status: Available Price: $1,212,000 No. of Units: 12 Cap Rate: 5.93 GRM/GIM: 10.44 Year Built: 1949 Building Size: 6000 Sq ft Lot Size: .33 Acres No. of Stories: 2 APN: 101305732540612003 Zoning Code: R-ML Opportunity Zone: No Price per unit: $101,000 
The Oasis
Phoenix, AZPhoenix & Southwest + Apartments + Garden Style
Learn MoreListing Status: Available Listing Type: Highest & best offer Price: $5,350,000 No. of Units: 26 Year Built: 1968 Building Size: 20332 Sq ft Opportunity Zone: No Price per unit: $205,769
- ◦Sale/Acquisition
