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Phoenix & Southwest  + Apartments  | 

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.”

For comments, questions or concerns, please contact Dennis Kaiser

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Connect With Logan Capital Advisors’ RunkleConnect With Picerne DevelopmentConnect With CBRE’s Cunningham

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., 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, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition