Samuel Byrne And William Kremer Of CrossHarbor Capital Partners Acquire The Alyssa Multifamily Community For $78.5M

The Alyssa is a multifamily asset comprising 335 units located at 98 South River Drive in Tempe, Arizona. The property offers various amenities including two pools, a gym, coworking areas, and a resident clubroom. It was developed and opened in 2024 and has been acquired in a transaction that facilitated its transfer to new ownership.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Not disclosed
• Buyer: Samuel Byrne & William Kremer
• Buyer Representative: CrossHarbor Capital Partners
• Seller: Doug Chesnut
• Seller Representative: StreetLights Residential
• Loan Amount: $78.5 million

In this transaction, Samuel Byrne and William Kremer, representing CrossHarbor Capital Partners, facilitated the acquisition from Doug Chesnut of StreetLights Residential. The deal highlights the involvement of Corten Real Estate, which provided financing for the purchase, further enabling the transition of the property to the new owners.