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Hunt Finances Acquisition of Pair of AZ MF’s

Hunt Real Estate Capital provided agency loans totaling roughly $22.5 million to finance the acquisition of two multifamily properties in Arizona. Owners, The Barone Group and its strategic partners, backed both deals, which include the 224-unit Canyon Woods Apartments at 2524 W Glenrosa Ave. in Phoenix, and the 148-unit Shadow Rose Apartments at 6231 North 67th Ave. in Glendale, AZ.

“These properties are being acquired as part of a 1031-exchange from the sale of another property that Hunt Real Estate Capital financed for the borrower in 2016,” noted Hunt’s Colin Cross. “The borrower had a tight timeframe to close the acquisitions and allocate their 1031 funds, so we were thrilled that our partners at Fannie Mae and Freddie Mac stepped up to provide best-in-class financing options during a very volatile period in the debt markets.”

Churchill Capital Company’s Duke Stone represented the owners on both transactions. Acquisition, investment and asset management services were provided by Bear Holdings Group LLC.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition
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