Tyler Pruett Of Tower 16 Capital Partners Acquires 167-Unit Yardly McDowell For $46.5M

The transaction involves a multifamily property located at North 91st Avenue & McDowell Road in the Maryvale Village market of Arizona. Tower 16 Capital Partners acquired the asset for $46.5 million, which features a total of 167 units. The price per unit (PPU) for this build-to-rent property is approximately $278,443.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $46,500,000
• Units: 167
• Price Per Unit: $278,443
• Buyer: Tyler Pruett - Tower 16 Capital Partners
• Brokers: Jesse Hudson & Trevor Koskovich - NorthMarq
• Note: Tower 16 Capital Partners acquired Yardly McDowell, marking its 12th Arizona acquisition and ninth in the Phoenix market.

The deal was facilitated by brokers Jesse Hudson and Trevor Koskovich, representing NorthMarq. This acquisition represents a continued investment trend in the Phoenix market, reflecting Tower 16 Capital Partners' strategy in securing property in the region.