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Phoenix & Southwest  + Finance  | 

NexPoint Nabs Chandler Apartments for $84M

Dallas-based NexPoint Residential Trust and affiliate, Highland Capital, acquired The Fairways Apartments in Chandler from an entity connected with Bay Area-based Virtu Investments for $84.4 million. The 352-unit apartment complex is comprised of 35, two-story buildings built 1985 on nearly 18 acres at 777 W. Chandler Blvd.

The property near the San Marcos Golf Club includes a floorplan mix of 56 one-bedroom/one-bath units, 136 two-bedroom/one-baths, 116 two-bedroom/two-baths, and 44 three-bedroom/two-baths with in-unit washers and dryers. The gated community includes two pools and a spa area with resort style amenities, a state-of-the-art fitness center, the largest dog park in Chandler with an agility course, and a cybercafé coffee bar.

KeyBank Real Estate Capital delivered $46,464,000 in new debt for the deal. IPA’s Cliff David and Steve Gebing advised on the sale.

For comments, questions or concerns, please contact Dennis Kaiser

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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.

  • ◦Financing
  • ◦Sale/Acquisition
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