Tides Equities has acquired the Revival on Thomas apartment community from a private investor for $21 million or $219 per square foot. The 155-unit garden-style apartment community is located in Phoenix's Lower Arcadia community.

The 155-unit garden-style community was built in 1979 and features standard amenities as well as convenient access to public transportation, area freeways, restaurants and retail outlets. The community offers an attractive mix of studio, one- and two-bedroom units, with sizes ranging from slightly more than 400 SF to nearly 820 SF.

ABI Multifamily partners Doug Lazovick and Eddie Chang, with support from senior managing partners John Kobierowski, Alon Shnitzer and Rue Bax represented the buyer in the deal.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.