Capital Markets

The fund surpassed its initial target of $2 billion.

Phoenix has been ranked sixth in the nation for multifamily investment sales over the last decade.

The firm has parented with Anthem Properties to build a 153-unit, mid-rise multifamily community in Sacramento.

Debt funds are pushing leverage to 75% or 80%.

The company hit the major milestone only five months after achieving $500 million in leases insured.

Net absorption increased 38% last year while the vacancy rate fell to the lowest level since 2016.

The flex provider will receive $1.3 billion in cash as part of the transaction.

Atlanta, Austin, Charlotte, Dallas, Denver, Miami, Nashville and Raleigh are all positioned for further growth.