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KB Investment Development Claims Mesa’s Superstition Canyon Apartments

Newport Beach, CA-based KB Investment Development added Superstition Canyon, a 200-unit Class A low-density garden community in East Mesa, to its Phoenix metro multifamily portfolio. Located at 1247 S. 96th St., the property includes a vacant 1.7-acre parcel, which will provide additional development potential in a sub-market with limited opportunities for new apartment supply.

CBRE’s Phoenix multifamily team of Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch brokered the sale. The asset will be managed by Maverick Residential Company.

KB’s Khosro Khaloghli says, “The Phoenix multifamily market is in such a strong position that we feel confident in our ability to maximize the upside potential of this new asset even during a possible period of small adjustments in rent growth.”

The transaction marks the fifth large multifamily project acquired by KB in the Phoenix area since it entered the local market in 2015.

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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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