Regent Properties Acquires 323-Unit Multifamily Portfolio In Downtown Phoenix From Baron Properties For $90M

The sale involved a multifamily portfolio comprising 323 units, located at 295 East Roosevelt Street, 290 East Roosevelt Street, and 280 West Mckinley Street in the Phoenix, AZ market. The transaction was completed for a total price of $90,000,000, resulting in a price per unit of $278,638.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $90,000,000
• Units: 323
• Price Per Unit: $278,638
• Buyer: Regent Properties
• Seller: Baron Properties
• Brokers: Asher Gunter, Austin Groen, Matt Pesch & Sean Cunningham - CBRE

This transaction marked Regent Properties' entry into the Phoenix market, acquiring the portfolio from Baron Properties. CBRE facilitated both the sale and financing processes associated with this deal.