Dean Weidner Of Weidner Apartment Homes Buys Multifamily Asset In Mesa For $112M

Situated at 601 West Rio Salado Parkway in Mesa, AZ, the multifamily asset known as Skywater at Town Lake was successfully transacted in a deal. The property, comprising 328 units, was acquired by Dean Weidner of Weidner Apartment Homes from the seller, KB Development, for a total sale price of $112,000,000, reflecting an average price per unit of $341,463.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $112,000,000
• Units: 328
• Price Per Unit: $341,463
• Address: 601 West Rio Salado Parkway, Mesa, AZ
• Market: Mesa, AZ
• Buyer: Dean Weidner - Weidner Apartment Homes
• Seller: KB Development

Enabling a significant transfer of ownership, Dean Weidner, representing Weidner Apartment Homes, displayed active involvement in the acquisition. On the other end of the transaction, KB Development facilitated the sale, marking a substantial milestone in the property market. This successful deal underscores the strategic maneuvers and negotiations conducted between the parties, shaping the landscape of real estate transactions within the region.