The asset involved in this transaction is a multifamily property located at Loop 101 Freeway at 56th Street in Phoenix, AZ. ZOM Living has initiated construction on this project, named Azola Desert Ridge, which represents their first luxury multifamily development in the area. The financing secured for this construction project amounts to $88,000,000, provided by Origin Investments.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $88,000,000
• Lender: Origin Investments
• Landlord: ZOM Living
• Brokers: Asher Gunter, Matt Pesch, Michael Higgins & Austin Groen - CBRE

This transaction marks a significant step for ZOM Living as they expand their footprint in the Phoenix market. The participation of Origin Investments through joint venture equity further emphasizes the collaborative nature of this financing arrangement, facilitating the development of Azola Desert Ridge.