Deer Valley Apartments Trades for $56M

Tides Equities buys the Phoenix apartment property as part of its aggressive acquisition strategy.

An entity formed by Tides Equities has acquired Park at Deer Valley Apartments for $56.7 million from an entity formed by Billah Khan, of Chandler, Arizona. The acquisition is part of Tides aggressive acquisition strategy in the market.

To capitalize the transaction, Tides secured a $49.1 million acquisition loan. James DuMars and Griffin Martin, of NorthMarq’s debt/equity team secured the funds on behalf of the borrower.

The NorthMarq Phoenix investment sales team of Trevor Koskovich, Bill Hahn and Jesse Hudson represented both the seller and the buyer in this transaction.

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