{"id":1004053350,"date":"2012-04-30T14:30:26","date_gmt":"2012-04-30T22:30:26","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=44759"},"modified":"2022-12-05T07:42:55","modified_gmt":"2022-12-05T15:42:55","slug":"lnr-partners-sells-399-unit-multi-family-asset-to-weidner-for-36m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/lnr-partners-sells-399-unit-multi-family-asset-to-weidner-for-36m\/","title":{"rendered":"LNR Partners Sells 399-Unit Multi-Family Asset to Weidner for $36M"},"content":{"rendered":"<p>By Alex Girda, Associate Editor<\/p>\n<p>In a $36 million deal, Weidner Investment Services has acquired the Apartments at Steele Park\u00a0\u00a0from an affiliate of LNR Partners L.L.C. <a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/04\/27e9362370a82aeab22eb5cef21d7fdb.jpeg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-44760\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/04\/27e9362370a82aeab22eb5cef21d7fdb.jpg\" alt=\"\" width=\"300\" height=\"222\" \/><\/a>\u00a0Weidner paid a per-unit rate of $90,395 for the 399-unit complex located at 411 East Indian School Rd., the Phoenix Business Journal reported.<\/p>\n<p>Cassidy Turley BRE Commercial executive vice presidents David Folger and Steven Nicoluzakis, represented Miami-based LNR Partners, according to azcentral.com, the Arizona Republic\u2019s Web site. Weidner represented itself.<\/p>\n<p>Weidner\u2019s previous multi-family investments in Phoenix include a pair of properties purchased last July for $4.3 million and the Ocotillo Springs complex in Chandler, acquired in Aug. 2010 for $24.7 million.<\/p>\n<p>Developed in 1999, the Apartments at Steele Park complex includes such amenities as two swimming pools, a fitness center and spa, business center, picnic area and gated private entry.<\/p>\n<p>Image courtesy of \u00a0<em>steeleparkapts.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Alex Girda, Associate Editor In a $36 million deal, Weidner Investment Services has acquired the Apartments at Steele Park&nbsp;&nbsp;from an affiliate of LNR Partners L.L.C. &nbsp;Weidner paid a per-unit rate of $90,395 for the 399-unit complex located at 411 East Indian School Rd., the Phoenix Business Journal reported. Cassidy Turley BRE Commercial executive vice [&#8230;]<\/p>\n","protected":false},"author":237,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1601],"tags":[],"class_list":["post-1004053350","post","type-post","status-publish","format-standard","hentry","category-latest","category-phoenix"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>LNR Partners Sells 399-Unit Multi-Family Asset to Weidner for $36M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/lnr-partners-sells-399-unit-multi-family-asset-to-weidner-for-36m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LNR Partners Sells 399-Unit Multi-Family Asset to Weidner for $36M\" \/>\n<meta property=\"og:description\" content=\"By Alex Girda, Associate Editor In a $36 million deal, Weidner Investment Services has acquired the Apartments at Steele Park&nbsp;&nbsp;from an affiliate of LNR Partners L.L.C. &nbsp;Weidner paid a per-unit rate of $90,395 for the 399-unit complex located at 411 East Indian School Rd., the Phoenix Business Journal reported. Cassidy Turley BRE Commercial executive vice [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/lnr-partners-sells-399-unit-multi-family-asset-to-weidner-for-36m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-04-30T22:30:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-05T15:42:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/04\/27e9362370a82aeab22eb5cef21d7fdb.jpg\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lnr-partners-sells-399-unit-multi-family-asset-to-weidner-for-36m\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lnr-partners-sells-399-unit-multi-family-asset-to-weidner-for-36m\\\/\"},\"author\":{\"name\":\"Anca Gagiuc\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"headline\":\"LNR Partners Sells 399-Unit Multi-Family Asset to Weidner for $36M\",\"datePublished\":\"2012-04-30T22:30:26+00:00\",\"dateModified\":\"2022-12-05T15:42:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lnr-partners-sells-399-unit-multi-family-asset-to-weidner-for-36m\\\/\"},\"wordCount\":150,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lnr-partners-sells-399-unit-multi-family-asset-to-weidner-for-36m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/04\\\/27e9362370a82aeab22eb5cef21d7fdb.jpg\",\"articleSection\":[\"News\",\"Phoenix\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lnr-partners-sells-399-unit-multi-family-asset-to-weidner-for-36m\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lnr-partners-sells-399-unit-multi-family-asset-to-weidner-for-36m\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lnr-partners-sells-399-unit-multi-family-asset-to-weidner-for-36m\\\/\",\"name\":\"LNR Partners Sells 399-Unit Multi-Family Asset to Weidner for $36M - 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