Logan Capital Lands Second PHX Acquisition for Nearly $36M
San Diego-based Logan Capital Advisors acquired the Pacific Bay Club, a 192-unit multifamily community in Phoenix from Picerne Development for $35.7 million. Built in 1988, the garden-style community is located in Ahwatukee at 11221 S. 51st St.
The seller completed common area renovations including a completely upgraded leasing center and clubhouse, a new barbeque rotunda with four stainless steel gas grills, and exterior LED lighting.
Logan Capital Advisors’ Paul Runkle says, “Pacific Bay Club is our second acquisition in Phoenix during 2020 and it fits with our program of buying well-maintained and well-located multifamily for cash flow and long-term growth.”
CBRE’s Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch represented the seller.
CBRE’s Cunningham says, “Pacific Bay Club is one of the last true value-add communities in a highly desirable submarket. Investors are drawn to Ahwatukee for the area’s upscale neighborhoods, strong demographics, and high barriers to entry that perpetually limit future competition.”
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 integrated marketing communications roles. He is responsible for Connect’s client content operations and public relations strategy. He is involved in a range of initiatives ranging from content strategy, message development, copywriting, Social Media and content marketing services.
Dennis’s communications background in the real estate industry includes working with many of the top real estate firms – from brokerage companies, developers, homebuilders, investors, owners, lawyers, asset advisors, lenders, architects and property management firms.
• Marketed more than 1 Billion Square Feet of Office Space
• 70,000 Multifamily/Condo Units
• 15,000 Single Family Homes
• 30 Million Square Feet of Retail Space
• Representing Roughly $100 Billion in Investment
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.
Dennis’s agency background on integrated communications teams at many reputable agencies and has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. He formerly was President of the Public Relations Society of America’s Los Angeles of public relations professional, and served on the Board of Directors. He also taught a public relations extension course at Loyola Marymount University.
Dennis’s 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.