Bela Flor Communities Sells 212-Unit Bella Encanta In Mesa For $95.7 Million

The asset involved in the transaction is a single-family rental (SFR) community located at 9745 East Hampton Avenue in Mesa, AZ. The property consists of 212 units, with a price per unit of $451,415, culminating in a total sale price of $95,700,000.

Summary of transaction details:

• Property Type: SFR
• Transaction Amount: $95,700,000
• Units: 212
• Price Per Unit: $451,415
• Seller: Bela Flor Communities
• Market: Mesa, AZ

The deal was brokered by a team from CBRE, consisting of Asher Gunter, Austin Groen, Griffen Tymins, Matt Pesch, and Sean Cunningham. They facilitated the sale of Bella Encanta, which was sold to a global institutional investor.