Northmarq’s Phoenix Multifamily Investment Sales team has arranged the $30 million sale of Solana Place at Carlton Commons, a newly built 113-unit build-to-rent community in Casa Grande, Arizona. The team — Trevor Koskovich, Jesse Hudson, Ryan Boyle and Logan Baca — represented the seller, D.R. Horton, America’s largest homebuilder.

CALCAP Advisors acquired the property with $21.75 million in acquisition financing secured by Griffin Martin of Northmarq’s Debt + Equity team through the firm’s in-house Fannie Mae DUS platform.

“This transaction involved numerous moving parts, including a construction post-close and hard closing deadline,” Martin said.

Completed in 2023, Solana Place features spacious three- and four-bedroom homes averaging 1,381 square feet. Each residence includes private backyards, driveways and direct-access garages.

Located at 18 S. Boniface Lane, the community sits at the crossroads of Interstate 10 and Interstate 8, providing residents with easy access to Phoenix, Tucson and Southern California.