(To read more on the multifamily market, click here.)
MESA, AZ-Heitman LLC has beat out a slew of memorandums ofintent and 25 solid offers to acquire the 676-unit LakeviewApartments for $59.4 million.
The 1829 S. Powers Rd. complex attracted interest from investorsand condo converters during the two-month marketing period, thoughthe property overall is too large for conversion, says David C.Martin of Moran & Co.'s Mountain States office in Denver. Heand colleague Pam Koster represented the seller, Nearon EnterprisesLLC of Danville, CA.
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