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Knightvest Sells 292-Unit Multifamily Property In Downtown Phoenix To ColRich For $62.3M

Property Image
SOLD
$62,300,000
Sean Cunningham
Asher Gunter
Matt Pesch
+ 3

Arizona

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MultiFamily
Sold 07/31/2025
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Property Image
SOLD

Knightvest Sells 292-Unit Multifamily Property In Downtown Phoenix To ColRich For $62.3M

11 South 12th Street

See Similar Deals
MultiFamily
Sold 07/31/2025
Sean Cunningham
Asher Gunter
Matt Pesch
+ 3
the dealplayerscompscontact
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Summary

ARIZONA
Asset Type:MultiFamily
Transaction Type:Sale

The asset involved in the transaction is a multifamily property located at 11 South 12th Street in Phoenix, AZ. The sale occurred for a total price of $62,300,000, comprising 292 units, resulting in a price per unit (PPU) of $213,356.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $62,300,000
  • Address: 11 South 12th Street
  • Market: Phoenix, AZ
  • Units: 292
  • Price Per Unit: $213,356
  • Buyer: Knightvest
  • Seller: ColRich
  • Brokerage Firm: CBRE
  • Mortgage Brokers: Trevor Breaux & Troy Tegeler - CBRE

The deal was facilitated by brokers Matt Pesch, Asher Gunter, Sean Cunningham, and Austin Groen from CBRE. This transaction showcases Knightvest's divestiture of the Mason Oliver property to ColRich, reflecting ongoing activity in Phoenix's multifamily market, which continues to lead in absorption rates across the U.S.

Players

Matt Pesch
CBRE
Matt Pesch
15 deals$1.2B volume
BROKER
Sean Cunningham
CBRE
Sean Cunningham
13 deals$1.3B volume
BROKER
Asher Gunter
CBRE
Asher Gunter
14 deals$1.2B volume
BROKER
Austin Groen
CBRE
Austin Groen
13 deals$1.1B volume(602) 735-1706
BROKER
Trevor Breaux
CBRE
Trevor Breaux
9 deals$547.1M volume(949) 293-7320
BROKER
Troy Tegeler
CBRE
Troy Tegeler
7 deals$440.2M volume(714) 307-2234
BROKER
CBRE
CBRE
BROKERAGE
Knightvest Capital
Knightvest Capital
BUYER
C
ColRich
SELLER

Details

SOLD
IMAGE: 07/31/2025 ADDRESS: 11 South 12th Street MARKET: Phoenix, AZ ASSET TYPE: Multifamily BUYER: Knightvest SELLER: ColRich BROKERS: Matt Pesch, Asher Gunter, Sean Cunningham & Austin Groen - CBRE MORTGAGE BROKERS: Trevor Breaux & Troy Tegeler - CBRE SALE PRICE: $62,300,000 UNITS: 292 ~ PPU: $213,356 NOTE: Knightvest sold Mason Oliver, a 292-unit multifamily property in downtown Phoenix, to ColRich for $62.3M. CBRE brokered the deal and arranged financing, as Phoenix continues to rank among the top U.S. markets for multifamily absorption.

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