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3131 East Ray Road

Camden Property Trust Acquires 320-Unit Multifamily Community In Gilbert Arizona From StreetLights Residential
SOLDMultiFamily

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:

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

Matt Pesch

CBRE

Broker

$1.2B

vol

16 deals

Broker

Alexander J. Jessett

Camden Property Trust

Buyer

$89.3M

vol

2 deals

Buyer
Doug Chesnut

Doug Chesnut

StreetLights Residential

Seller

$165.5M

vol

4 deals

Seller

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