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Phoenix & Southwest  + Phoenix  + Apartments  | 
Sora on Rose is Vertical Street Ventures' ninth acquisition in the Phoenix area

VSV Closes on Ninth Phoenix-Area Acquisition 

Vertical Street Ventures (VSV) acquired Sora on Rose Apartments in Uptown Phoenix. This marks VSV’s ninth property in the Phoenix market and 15th Property in the western U.S., bringing the total VSV Portfolio to $214 million. Sora on Rose is VSV’s fourth acquisition this year, bringing total purchases to $70 million in the first quarter. 

“We’ve admired Sora on Rose for a while now and when it came to market, we had to jump on the opportunity,” said Jenny Gou, managing partner for VSV.  

Marcus & Millichap’s Paul Bay, Darrell Moffitt, Cliff David, and Steve Gebing oversaw the transaction process, with bridge loan financing provided by Arbor’s Eric Regenbogen and buyer’s equity provided by Tauro’s Paul Davidovic and Matt Muller.  

Calcap Properties Inc. will manage the 92-unit property, which is being rebranded as Vertical on 16th, while Gia Venturi has been retained to lead design and branding for the community. 

Read More News Stories About: Marcus & Millichap
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Vertical Street VenturesMarcus & Millichap's David-Gebing Team

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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