Phoenix’s Canyons on Colter Apartments Trades Hands
The a California-based buyer acquired the property for $34 million and secured a $27 million acquisition loan.
A California-based entity formed by Next Round Asset Management has acquired the Canyons on Colter Apartments in Phoenix for $34 million from Arroyo Vista Partners LLC. The buyer also secured $27.4 million in acquisition financing to purchase the property.
Canyons on Colter Apartments is a 304-unit apartment complex with one-, two- and three-bedroom units.
The NorthMarq Phoenix investment sales team of Trevor Koskovich, Bill Hahn, and Jesse Hudson represented both the seller and the buyer in this transaction.