Camden Property Trust Acquires 320-Unit Multifamily Community In Gilbert Arizona From StreetLights Residential
3131 East Ray Road
Building Size
—
Asset Type
MultiFamily
Closing
Jul 14, 2026
AI
The Tyler is a multifamily community comprised of 320 units, located at 3131 East Ray Road in Gilbert, Arizona. The property is situated in Agritopia's Epicenter district and includes a variety of residential amenities.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Address: 3131 East Ray Road
- Market: Gilbert, AZ
- Buyer: Alexander J. Jessett - Camden Property Trust
- Seller: Doug Chesnut - StreetLights Residential
- Brokers: Asher Gunter, Matt Pesch & Austin Groen - CBRE
CBRE facilitated the sale, with Asher Gunter, Matt Pesch, and Austin Groen representing the seller, StreetLights Residential, in the transaction. This deal underscores the active involvement of key players in the multifamily market in the Gilbert area.
Players
Gilbert MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93