CBRE CAPITAL MARKETS ARRANGES $92.3M LOAN FOR FOUR APARTMENT COMPLEXES

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ARIZONA, COLORADO AND CALIFORNIA — Mike Riccio, Christine Kubas, Rocco Mandala, Eric Tupler, Mike Easter and John Nelson of CB Richard Ellis Capital Markets have secured a total of $92.3 million to refinance a portfolio of four apartment communities. The properties include two sister properties in Scottsdale, Ariz., totaling 736 one-, two- and three-bedroom units; a 472-unit property located 10 miles from downtown Denver; and a 216-unit property located in American Canyon, Calif. The borrower was not disclosed.

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