CALCAP Advisors Acquires Multifamily Asset Solana Place In Casa Grande From D.R. Horton For $30M

The transaction involved a multifamily asset located at 18 South Boniface Lane in Casa Grande, AZ. The property, known as Solana Place at Carlton Commons, consists of 113 units, with a sale price of $30 million, equating to approximately $265,000 per unit.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $30,000,000
• Units: 113
• Price Per Unit: $265,487
• Buyer: CALCAP Advisors
• Seller: D.R. Horton
• Broker: Northmarq
• Loan Amount: $21.75 million

Northmarq represented the seller, D.R. Horton, in this transaction and facilitated a Fannie Mae loan, enhancing the financial framework for the recently constructed property.