TWO PHX-AREA APT COMMUNITIES SELL FOR $3.5M

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PHOENIX – The 92-unit Brittany Apartments in Mesa and the 128-unit Cheyenne Pointe in Phoenix have been sold by Colliers International in Greater Phoenix for $3.5 million. The Brittany Apartments was sold to Rich Huang with Good Environment, LLC, for $1.9 million. The seller was Summit Equity Investments. Financing was arranged by Brandon Harrington of Cohen Financial. Cheyenne Pointe was sold to Paying Cash for Homes, LLC for $1.6 million. The seller was Wilson Property Services, the property’s court-appointed receiver. Bill Hahn, Jeffrey Sherman and Trevor Koskovich of Colliers’ Phoenix office represented both the buyers and sellers in these transactions.

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