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Seattle & Northwest  + Seattle  + Apartments  |  June 2, 2022
TMR Closes Sale of Arizona MultiFam
Mark Nieto
By: Mark Nieto

TMR Closes Sale of Arizona MultiFam

Seattle-based Thayer Manca Residential (TMR) has announced the sale of The Ventura Apartments, a 272-Unit property in Chandler, AZ. Details of the transaction were not disclosed. CBRE’s Sean Cunningham, Asher Gunter and Matt Pesch arranged the sale.

“This sale marks a significant moment for our company,” said Joe Manca, TMR’s Principal. “Not only does it showcase our team’s ability to execute our value-add strategy, but it highlights the extent of our commitment to protect and grow our investors’ capital.”

The Ventura is located in the Price Road Corridor, one of the most dynamic tech employment centers in Arizona. Manca added in a news release, “We feel fortunate to have owned The Ventura for 5 years. We are confident that it will continue to be a leader in the Chandler multifamily submarket for years to come.”

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Inside The Story

Thayer Manca Residential (TMR)Joe Manca

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.
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