CVG Properties Acquires Verde Dimora Apartment Complex Near Phoenix for $27M

MESA, ARIZ. — CVG Properties has purchased Verde Dimora, an apartment community located on the corner of Power and McKellips roads in Mesa. Western Wealth Capital sold property for $27 million, or $176,470 per unit.

Verde Dimora features 153 apartment units in one- and two-bedroom layouts, a seasonally heated resort-style pool and spa, fitness center, clubhouse, barbecue and picnic area, community garden plots, community-wide recycling program, dog wash station, electric vehicle charging stations, fire pit, and solar-panel technology.

Cliff David and Steve Gebing of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented the seller and buyer in the deal.