Harvard Investments Sells FirstStreet At Happy Valley Multifamily Property For $87.85M

The sale of FirstStreet at Happy Valley, a 212-unit built-for-rent cottage-style property in Phoenix, has been facilitated by Berkadia for $87.85 million. Situated at 1717 West Happy Valley Road, this multifamily asset offers a unique living experience in the bustling market of Phoenix, AZ.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $87,850,000
• Units: 212
• Price Per Unit: $414,387
• Seller: Harvard Investments
• Broker: Mark Forrester - Berkadia

Heading the deal as the broker for Berkadia is Mark Forrester, who played a crucial role in the successful sale of FirstStreet at Happy Valley. Harvard Investments, the seller in this transaction, entrusted Berkadia with the responsibility of finding the right buyer for this unique cottage-style property. The sale of this asset not only highlights the demand for built-for-rent properties in Phoenix but also showcases the expertise of Berkadia in facilitating such transactions.