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Phoenix & Southwest  + Phoenix  + Apartments  |  August 30, 2023
Newmark helms $87M Phoenix BTR sale
Mike Boyd
By: Mike Boyd

Phoenix BTR Community Sells for $87.85M

Berkadia represented the seller, Harvard Investments, in the sale of FirstStreet at Happy Valley, a 212-unit, cottage-style, built-for-rent property in Phoenix. Mark Forrester led a Phoenix team that completed the $87.85 million sale.

Located at 1717 W Happy Valley Road in Phoenix, FirstStreet at Happy Valley is comprised of one-, two-, and three-bedroom casita-style units (attached & detached) with an average unit size of 1,094 square feet. The low-density community offers a mix of single-story apartment homes and two-story townhomes with attached garages. The features include a clubhouse with a co-working office environment, resort-style pool & spa, private fitness center and private, fenced backyards. 

FirstStreet is located at the center of Norterra in North Phoenix, offering a robust local retail and dining scene.

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Mark Forrester

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.
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