WhiteHaven Acquires Clarendon Park Multifamily In Phoenix For $37M

WhiteHaven has acquired Clarendon Park, a 138-unit multifamily community in Phoenix, for $37 million. The property, located at 222 West Clarendon Avenue, is a valuable asset in the Phoenix market. With a purchase price of $37 million, it translates to an average price per unit of $268,116.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $37,000,000
• Address: 222 West Clarendon Avenue, Phoenix, AZ
• Market: Phoenix, AZ
• Buyer: WhiteHaven
• Brokers: Matt Pesch, Austin Groen, Jeff Seaman & Bryson Fricke - CBRE
• Units: 138
• Price Per Unit: $268,116

Matt Pesch, Austin Groen, Jeff Seaman, and Bryson Fricke from CBRE represented WhiteHaven in this transaction. Their expertise and negotiation skills played a vital role in securing the acquisition of Clarendon Park. The deal demonstrates WhiteHaven's commitment to expanding its multifamily portfolio in the Phoenix market.