Bender Companies Acquires 150-Unit Lofts At Layton In Milwaukee For $19.8M

The asset involved in this transaction is a multi-family apartment complex located at 4602 South 20th Street in Phoenix, AZ. The property, known as the Lofts at Layton, consists of 150 units and was acquired for a total sales price of $19,800,000. Each unit has a price per unit of $132,000. The complex was constructed in 1969 and has undergone nearly $5 million in renovations since 2022, with 70% of its units upgraded.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $19,800,000
• Units: 150
• Price Per Unit: $132,000
• Buyer: Bender Companies
• Broker: Northmarq

This transaction highlights Bender Companies as the buyer, with Northmarq representing them in the real estate deal. The previous owner was a local investor group, indicating a significant shift in ownership of this upgraded multi-family property.