Olympus Property Acquires Trailside Apartments In Flagstaff For $35.5M

Trailside Apartments, a 111-unit multifamily community located at 600 W University Heights Dr N in Flagstaff, Arizona, has been sold by Chason Affinity Co to Olympus Property for a total of $35.5 million. The transaction was facilitated by a $22.5 million Fannie Mae loan arranged by mortgage broker Walker & Dunlop.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $35,500,000
• Units: 111
• Price per Unit: $319,820
• Address: 600 W University Heights Dr N, Flagstaff, AZ
• Market: Flagstaff, AZ

Olympus Property, the buyer in this transaction, has acquired Trailside Apartments from Chason Affinity Co. Walker & Dunlop, the mortgage broker, arranged a $22.5 million Fannie Mae loan to facilitate the deal. This acquisition marks a significant investment by Olympus Property in the Flagstaff, AZ multifamily market.