Stockdale Capital Partners Acquires Avant At Fashion Center From Starlight Capital For $109M
Arizona
See Similar DealsStockdale Capital Partners Acquires Avant At Fashion Center From Starlight Capital For $109M
555 Galleria Way
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The asset involved in this transaction is a multi-family property located at 555 Galleria Way in Chandler, AZ. The property was sold for $109,000,000, with a price per unit of $325,373, and encompasses a total of 335 units. The property was originally built in 2016 and is situated near the Chandler Fashion Center.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $109,000,000
- Units: 335
- Price Per Unit: $325,373
- Buyer: Stockdale Capital Partners
- Seller: Starlight Capital
- Lender: Nuveen
- Broker: Institutional Property Advisors (IPA)
Stockdale Capital Partners acquired the property known as Avant at Fashion Center from Starlight Capital. The seller had previously purchased the property in 2018 for $84 million. In order to finance the acquisition, Stockdale secured a loan of $77.6 million from Nuveen for this transaction.
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