Logan Capital Advisors (LCA) announced today the acquisition of Avilla Paseo, an 89-home, single-family rental (SFR) community in North Phoenix for $37.2 million. LCA purchased Avilla Paseo from NexMetro Communities, the pioneer developer of luxury leased SFR neighborhoods.
Berkadia announced today the sale of The Bungalows on Jomax, a garden-style multifamily property in Phoenix, Arizona. Senior Managing Directors Mark Forrester and Ric Holway, Senior Director Dan Cheyne and Director Andrew Curtis of Berkadia’s Phoenix office completed the $42 million sale on behalf of the seller, Arizona-based Bungalows on Jomax, LLC.
CBRE has arranged the sale of the 192-unit multifamily community Pacific Bay Club on behalf of Picerne Development to Logan Capital Advisors for $35.7 million.
Logan Capital Advisors acquired the 255-unit Elysian at Southern Highlands, a townhouse complex not far from the M Resort. The $64.25 million sale, by developer The Calida Group, closed last month, property records show.
