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Phoenix & Southwest  + Finance  | 

TruAmerica Expands Phoenix MF Portfolio with $80M Deal

Los Angeles-based TruAmerica Multifamily acquired Pointe at South Mountain Apartments in Phoenix from an entity tracing to Phoenix-based ConAm Group of Companies for $80 million. The 364-unit multifamily complex is located at 8809 S. Pointe Pkwy.

The community includes 38 two-story residential buildings that were built in 1988 on nearly 12 acres. The floorplan mix includes 206 one-bedroom/one-bath units, 30 two-bedroom/one-baths, and 128 two-bedroom/two-baths. Units feature wood-style flooring, energy-efficient appliances, modern light fixtures, and full-size washers and dryers.

Amenities include a pool, a therapeutic spa, and a bark park with agility equipment. The site is bordered by the Arizona Grand Golf Course and near the South Mountain Preserve.

CBRE Capital Markets arranged $54,997,000 in new Freddie Mac debt for the deal.

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For comments, questions or concerns, please contact Dennis Kaiser

*Photo courtesy of ConAm


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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as 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, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Financing
  • ◦Sale/Acquisition