Rise48 Equity Acquires 194-Unit Multifamily Community In Mesa From Stoneweg US & Varia For $21M

The property asset involved in this transaction is a multifamily garden-style apartment community located at 1050 West 8th Avenue in Mesa, AZ. It consists of 194 units and was sold for $21,000,000, resulting in a price per unit of $108,247.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $21,000,000
• Units: 194
• Price Per Unit: $108,247
• Buyer: Rise48 Equity
• Seller: Stoneweg US & Varia
• Brokers: Brett Polachek, Chris Canter & Brad Goff - Newmark
• Sale Date: 04/30/2026

This transaction highlights the roles of key individuals and companies, with Rise48 Equity acquiring the property from Stoneweg US & Varia, while brokers Brett Polachek, Chris Canter, and Brad Goff represented the seller, facilitating the deal.