PHOENIX—The Cooke Multifamily Investments Teamat Colliers International in Greater Phoenixcompleted the sale of a 2,759-unit multifamily portfoliofor $168.5 million—to date in 2014, the largest multifamilyportfolio closed in Metro Phoenix and it could hold the record forthis year.
The size of this class A and class B Value-Add Metro PhoenixPortfolio attracted attention from investors around the world, butit was a local investor that was awarded thedeal. P.B. Bell of Scottsdale partneredwith Stonecutter of New York City to purchasethe portfolio from Standard Phoenix Fund ofArcadia, CA.
Cindy Cooke, senior executive vice president ofColliers International, and Brad Cooke, vicepresident of Colliers International, served as the brokers for theseller. The buyer was self-represented.
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