Stockdale Capital Partners Acquires Avant At Fashion Center From Starlight Capital For $109M

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.