Arizona

PHOENIX — CBRE has arranged the sale of Clarendon Park, a 138-unit multifamily community in Phoenix.  WhiteHaven, a Phoenix-based private equity firm, purchased the property for $37 million. Matt Pesch, Austin Groen, Jeff Seaman and Bryson Fricke represented the undisclosed seller. Anthony Valenzuela of CBRE Phoenix Debt & Structure Finance arranged the deal’s financing.  Clarendon Park offers one- and two-bedroom apartments. Community amenities include a recently renovated fitness center, remodeled clubhouse and leasing center, pool area, new package lockers and a dog park.

GILBERT, ARIZ. — The Premiere Residential has acquired Soltra at SanTan Village, a 380-unit apartment community in the southeast Phoenix suburb of Gilbert. Leon Multifamily sold the asset for $140 million.  Soltra at SanTan Village was built in 2021 at 1690 South San Tan Village Parkway. Units come in studio, one- and two-bedroom layouts. Amenities include a clubhouse with an entertainment table, fitness center and pool with a swim-up hospitality bar and cabanas. Asher Gunter, Matt Pesch, Sean Cunningham and Austin Groen of CBRE represented the seller.

PHOENIX — ABI Multifamily has brokered the $2.2 million sale of an eight-unit apartment property at 4229 North 17th St. in Phoenix.  The buyer and seller are based in Arizona. Mitchell Drake, Dallin Hammond and Carson Griesemer represented the seller in this transaction. The property was originally built in 1982 and renovated in 2020. Interior renovations include contemporary cabinets, stainless-steel appliances, vinyl flooring, floating bathroom vanities and more. Units come in two-bedroom layouts. Exterior renovations include a dog run, community patio grill and picnic area.  4229 North 17th Street is a garden-style community with gated access.

PHOENIX — WhiteHaven has purchased Clarendon Park Apartments, a 138-unit community in Phoenix, for $37 million. The company rebranded the property as Haven at Midtown.  Built in 2002, Haven at Midtown offers studio, one- and two-bedroom units. Amenities include a pool with a grilling area, a gym, internet access, a dog park, garages and covered parking.  Greystar will be the property manager for this asset.

PHOENIX — An affiliate of Reliant Group Management has purchased Phoenix Manor, a 405-unit apartment property in Phoenix.  Phoenix Manor comprises 38 buildings, a 16,750-square-foot clubhouse with a leasing center, 6,750-square-foot auditorium, 4,200-square-foot maintenance shop, two pools, two lagoons, three pavilions, a dog park, putting green and four shuffleboard courts. The property offers studio, one- and two-bedroom floor plans.  Cindy Cooke, Brad Cooke, Chris Roach and Matt Roach of Colliers represented the seller, Phoenix Manor LLC.