Global Mutual & TriGate Capital Acquire 251-Unit Multifamily In Phoenix Loaned By Athene

The Aura Central apartment property, located at 3883 North Central Avenue in Phoenix, Arizona, consists of 251 units. The property was built in 2022 and offers studio, one- and two-bedroom units. Amenities at Aura Central include a swimming pool, fitness center, and outdoor lounge areas.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $41,000,000
• Lender: Athene
• Landlord: Jonathan Feldman - Global Mutual; Jay Henry - TriGate Capital
• Broker: Kidder Mathews

Athene Annuity and Life Co. provided the $41 million financing for the $70 million purchase of the Aura Central apartment property in Phoenix. The buyers of the property include Global Mutual of London and TriGate Capital of Dallas. Jonathan Feldman from Global Mutual and Jay Henry from TriGate Capital serve as the landlords involved in the transaction.