X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PHOENIX-An investment company has purchased an apartment project in Mesa for $27 million.

The Denver Family Trust bought the Sienna at Riverside apartments, a 340-unit complex at 711 N. Evergreen Road in Mesa. The purchase price equates to $79,000 per unit, one of the highest prices paid per unit in Mesa.

The seller was San Diego-based Fairfield, which has sold a number of its complexes in the Valley during the past year and has put the proceeds into other new projects around the Valley.

The Phoenix office of Hendricks & Partners negotiated the sale.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. APARTMENTS Fall 2021Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.