METRO 1 TOWNHOMES, CASA NUEVA APTS SOLD IN PHX

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PHOENIX — Colliers International of Greater Phoenix has sold the 26-unit Metro 1 Townhomes and 64-unit Casa Nueva apartment community in two separate transactions for a combined total of $5,475,000. Metro 1 sold to Calista Real Estate, LLC for $3,375,000 from IMH. The transaction included 22 units that were acquired as fee simple and three units acquired by notes secured by the individual units. Casa Nueva was sold to California Capital Real Estate Advisors for $2.1 million from ATC Realty One, LLC. Colliers’ Bill Hahn, Jeffrey Sherman and Trevor Koskovich represented the buyers and the sellers of both transactions.

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