{"id":1004100407,"date":"2014-07-11T11:56:42","date_gmt":"2014-07-11T19:56:42","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=275578"},"modified":"2025-02-25T23:28:36","modified_gmt":"2025-02-26T07:28:36","slug":"colliers-brokers-5-68m-sale-of-class-b-apartments-by-blue-valley","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/colliers-brokers-5-68m-sale-of-class-b-apartments-by-blue-valley\/","title":{"rendered":"Colliers Brokers $5.68M Sale of Class B Apartments by Blue Valley"},"content":{"rendered":"

\"\"<\/a>Blue Valley Apartments Inc. of West Palm Beach, Fla. recently sold Villas at Roger Road to Equilibrium Villas L.L.C. of Washington, D.C.<\/p>\n

The transaction brokered by Colliers HSK Multifamily was worth $5.68 million, at $24,500 per unit. \u00a0Colliers International in Greater Phoenix announced that Senior Vice Presidents Bill Hahn, Jeffrey Sherman and Trevor Koskovich represented both parties.<\/p>\n

Colliers HSK Multifamily is positioned within the marketplace as a service-intensive operation serving the private and institutional capital markets with Hahn, Sherman and Koskovich specializing in the sale of multifamily investment real estate. According to the group\u2019s website, it has achieved the highest market share of sales of B- and C-quality multifamily assets in Arizona, using Colliers International\u2019s resources to assist in the placement of debt, investment sales and appraisal services.<\/p>\n

Sherman is confident about the community\u2019s future on the Tucson market. \u201cVillas at Roger Road presented an excellent opportunity to acquire an investment asset that could quickly appreciate through property repairs and the continued stabilization of income,\u201d<\/em> he said in a recent statement to the media.<\/p>\n

Built in 1984, the 232-unit Class-B gated apartment complex is located at 3985 North Stone Avenue. It includes 88 one-bedroom and 144 two-bedroom\/one-bathroom apartments that range in size from 500 to 750 square feet. The air-conditioned units are cable ready, equipped with appliances, and include balconies and oversized closets. The pet-friendly community offers sports courts, swimming pool, laundry facility, covered parking and a clubhouse.<\/p>\n

MEB Management Services manages the property.<\/p>\n

Photo credits: Villas at Roger Road<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Blue Valley Apartments, Inc. of West Palm Beach, Fla has recently sold Villas at Roger Road to Equilibrium Villas, LLC, of Washington, D.C. The transaction brokered by Colliers HSK Multifamily was worth $5.68 million, coming out at $24,500 per unit. Senior Vice Presidents Bill Hahn, Jeffrey Sherman and Trevor Koskovich represented both parts, as announced by Colliers International in Greater Phoenix.<\/p>\n","protected":false},"author":35,"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],"tags":[1815,1613],"class_list":["post-1004100407","post","type-post","status-publish","format-standard","hentry","category-latest","tag-national","tag-tucson"],"acf":[],"yoast_head":"\nColliers Brokers $5.68M Sale of Class B Apartments by Blue Valley - 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\/colliers-brokers-5-68m-sale-of-class-b-apartments-by-blue-valley\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Colliers Brokers $5.68M Sale of Class B Apartments by Blue Valley\" \/>\n<meta property=\"og:description\" content=\"Blue Valley Apartments, Inc. of West Palm Beach, Fla has recently sold Villas at Roger Road to Equilibrium Villas, LLC, of Washington, D.C. 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