Phoenix

Western Wealth Capital has purchased the five-property, 880-unit portfolio from Weidner Apartment Homes.

The self-storage stocks out-performed many of the market indices in 2021, generating a total return of 65.54%.

The fall in the apartment index shows that it may be harder to find multifamily investment opportunities in the current market.

The firm closed the loan for the acquisition, lease-up and renovation of a four-property, class A office complex in the city's Camelback corridor.

The investment generated a 15x multiple return for investors after a 10-year hold.

CIM Group and Tides Equities partner to purchase the 1,012-unit Del Mar Terrace, the largest market-rate apartment complex in Phoenix.

The Los Angeles-based firm acquired 1408 Casitas at Palm Valley, a 168-unit apartment property for $36 million.

West Coast markets tell the story of a hot sector with an array of challenges.