Ezralow Company Acquires Multifamily Portfolio In Gilbert For $238M

The multifamily property located at 3004 & 3134 S Market St in Gilbert, AZ has been sold for a price of $238,000,000. The property consists of 624 units, resulting in a price per unit of $381,410. The sale took place on October 18, 2022.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $238,000,000
• Units: 624
• Price Per Unit: $381,410
• Address: 3004 & 3134 S Market St, Gilbert, AZ
• Market: Gilbert, AZ

The buyer of the property is the Ezralow Company, while the seller is The Premiere Residential. The deal was facilitated by Sean Cunningham of CBRE, representing the buyer's side.