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PHOENIX-In near back-to-back deals, a Mesa couple has closed a near $5.9-million multifamily transaction shortly after hawking a 50-unit complex earlier this month. The Phoenix property swap puts the 175-unit Vista Del Monte Apartments under the control of Jon and Lynda Bliven.

The Vista Del Monte complex is located at 7750 N. 12th St. Its seller was Map LP, an Austin, TX-based limited partnership.

Patrick Slavin of Hendricks & Partners’ Phoenix office represented the seller. Ric Holway of the Phoenix team for Marcus & Millichap handled negotiations for the buyer. Earlier this month, Holway also represented the Blivens when they sold their Canyon North Apartments, situated at 2339 W. Northern Ave., to private investor Eugene Frankos of Wickieuup, AZ. Frankos paid $2.1 million for the class B holding.


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