multifamily acquisition TEMPE, AZ—After closing on back-to-back multifamily deals in two days, Western Wealth Capital now owns 23 properties and 3,834 units in the Phoenix area. The firm recently purchased the 197-unit Arbors on 5th for $21.3 million or $108,000 per unit in Tempe, AZ and the 148-unit Arcadia Walk in Phoenix for $13.66 million or $92,000 per unit. Arbors on 5th, at 805 W. Brown St., is located near Arizona State University and the light rail. Built in 1967, the townhouse-style complex has a unit mix of 72% two-bedroom, 18% one-bedroom and 10% studio. Western Wealth Capital purchased Arbors on 5th from Hamilton Zanze of San Francisco. Cindy Cooke and Brad Cooke of Colliers International in Greater Phoenix brokered the transaction for both sides. Arcadia Walk, at 2606 N. 44th St. is located in the desirable Arcadia area and near the Arcadia Crossing shopping center. Built in 1978, the apartment complex has a unit mix of 76% one bedroom, 22% two-bedroom and 2% studio. Western Wealth Capital purchased Arcadia Walk from SUP 44th Street 148 LLC , based in Pacific Palisades, CA. The HSK Multifamily team ( Bill Hahn, Jeffrey Sherman and Trevor Koskovich ) of Colliers International in Greater Phoenix brokered the transaction for both sides. Janet LePage , founder of Western Wealth Capital, tells GlobeSt.com: “Arbors on 5th and Arcadia Walk are attractive assets for their desirable locations and opportunities to enhance amenities. Western Wealth Capital continues to seek multifamily properties in the Phoenix area to boost our portfolio of 23 properties.” Western Wealth Capital, a Vancouver, BC-based multi-unit rental property investment firm, is the third largest multifamily property owner in Phoenix in terms of number of properties and the eighth largest multifamily property owner in terms of units, according to Yardi Matrix . Steady gains in the US economy have resulted in net positives for the multifamily sector—will this wave continue for the foreseeable future? What's driving development and capital flows? Join us at RealShare Apartments on October 19 & 20 for impactful information from the leaders in the National multifamily space. Learn more. multifamily acquisition TEMPE, AZ—After closing on back-to-back multifamily deals in two days, Western Wealth Capital now owns 23 properties and 3,834 units in the Phoenix area. The firm recently purchased the 197-unit Arbors on 5th for $21.3 million or $108,000 per unit in Tempe, AZ and the 148-unit Arcadia Walk in Phoenix for $13.66 million or $92,000 per unit. Arbors on 5th, at 805 W. Brown St., is located near Arizona State University and the light rail. Built in 1967, the townhouse-style complex has a unit mix of 72% two-bedroom, 18% one-bedroom and 10% studio. Western Wealth Capital purchased Arbors on 5th from Hamilton Zanze of San Francisco. Cindy Cooke and Brad Cooke of Colliers International in Greater Phoenix brokered the transaction for both sides. Arcadia Walk, at 2606 N. 44th St. is located in the desirable Arcadia area and near the Arcadia Crossing shopping center. Built in 1978, the apartment complex has a unit mix of 76% one bedroom, 22% two-bedroom and 2% studio. Western Wealth Capital purchased Arcadia Walk from SUP 44th Street 148 LLC , based in Pacific Palisades, CA. The HSK Multifamily team ( Bill Hahn, Jeffrey Sherman and Trevor Koskovich ) of Colliers International in Greater Phoenix brokered the transaction for both sides. Janet LePage , founder of Western Wealth Capital, tells GlobeSt.com: “Arbors on 5th and Arcadia Walk are attractive assets for their desirable locations and opportunities to enhance amenities. Western Wealth Capital continues to seek multifamily properties in the Phoenix area to boost our portfolio of 23 properties.” Western Wealth Capital, a Vancouver, BC-based multi-unit rental property investment firm, is the third largest multifamily property owner in Phoenix in terms of number of properties and the eighth largest multifamily property owner in terms of units, according to Yardi Matrix . Steady gains in the US economy have resulted in net positives for the multifamily sector—will this wave continue for the foreseeable future? What's driving development and capital flows? Join us at RealShare Apartments on October 19 & 20 for impactful information from the leaders in the National multifamily space. Learn more.
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