Goodman Real Estate Acquires 135-Unit Multifamily Community From Cowley Cos For $49M

The property involved in this transaction is a 135-unit multifamily asset located at 9411 East Cadence Parkway in Mesa, AZ. The sale was executed for a price of $49,000,000, reflecting a per unit price of $362,963. The asset, known as the Annex at Cadence, consists of modern three-bedroom townhome units that feature contemporary amenities and on-site recreational facilities.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $49,000,000
• Buyer: Goodman Real Estate
• Seller: Cowley Cos
• Units: 135
• PPU: $362,963
• Financing: $32.11 million Fannie Mae loan
• Market: Mesa, AZ
• Date of Sale: 08/25/2025

Goodman Real Estate has acquired the multifamily property from Cowley Cos, marking a notable transaction within the Mesa market. The deal was financed through a significant loan from Fannie Mae, highlighting the financial backing for the acquisition in a competitive real estate environment.