Phoenix Value-Add Asset Commands $9M

Posted In — News & Press | In the News

Urban Communities LLC, an entity controlled by Thomas Pride International, has acquired Puesta Del Sol, a 128-unit community in Phoenix. Familia de Tres LLC sold the Class C asset for $8.7 million, after a 3-year ownership period. Kidder Mathews represented both parties in the transaction. According to Yardi Matrix, the sale was subject to a $6.7 million Freddie Mac loan, originated by Sabal Financial Group.

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