Hampton Meridian Sold In Apache Junction For $56.5 Million With Cliff David And Steve Gebing

The transaction involved Hampton Meridian, a build-to-rent community located at 3000 West Southern Avenue in Apache Junction, AZ. The asset consists of 195 units, with a price per unit of $289,744, culminating in a total sale price of $56,500,000.

Summary of transation details:

• Property Type: SFR
• Transaction Amount: $56,500,000
• Units: 195
• Price Per Unit: $289,744
• Date of Sale: 12/18/2024
• Market: Apache Junction, AZ

Cliff David and Steve Gebing from Institutional Property Advisors represented the undisclosed seller in this transaction and also procured the buyer for the community.