Heitman Acquires Multifamily Tower in Downtown Phoenix
The 34-story high-rise multifamily community is comprised of 184 residential units and four retail spaces.
Heitman has acquired 44 Monroe, a 34-story high-rise multifamily community comprised of 184 residential units and four retail spaces in downtown Phoenix. Heitman acquired the property on behalf of an affiliate of the firm as the seed asset in a $250 million joint venture with Grand Peaks Properties.
The property offers residents access to several transportation nodes including the Light Rail, proximity to employers and universities, and steps to Downtown Phoenix wide array of retail, entertainment, and restaurant options.