{"id":1004125844,"date":"2015-08-21T05:16:03","date_gmt":"2015-08-21T13:16:03","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=358688"},"modified":"2020-05-21T03:32:50","modified_gmt":"2020-05-21T11:32:50","slug":"two-multifamily-communities-in-phoenix-find-new-landlords","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/two-multifamily-communities-in-phoenix-find-new-landlords\/","title":{"rendered":"Two Multifamily Communities in Phoenix Find New Landlords"},"content":{"rendered":"<p><em>By Liviu Oltean, Associate Editor<\/em><\/p>\n<p>Two multifamily properties in Phoenix have found new owners with the help of <strong><a href=\"https:\/\/www.berkadia.com\/default.aspx\" rel=\"nofollow\">Berkadia<\/a>, <\/strong>which recently announced the disposition of The Villages at Metro Center and Oakridge Apartments.<\/p>\n<p>Located at 3106 West Vogel Ave. in Phoenix, the 290-unit Villages at Metro Center complex was sold for $19 million. The community was developed in 1979 and features studio, one-, two-, and three-bedroom apartments. Its amenity package includes four swimming pools, a Jacuzzi and sauna, barbeques, tennis courts and a fitness center. The buyer was Covina Court, LLC of Long Beach, Calif.<\/p>\n<p>The second apartment complex is a 282-unit community located at 3330 West Greenway Road. It features studio, one- and two-bedroom floorplans. Amenities include a swimming pool, spa, clubhouse, and barbeques. WWC Holdings, LLC of Scottsdale, Ariz. paid $17 million to acquire the asset.<\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/08\/Oakridge-Apartments.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004125999\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/two-multifamily-communities-in-phoenix-find-new-landlords\/oakridge-apartments\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/08\/Oakridge-Apartments.jpg\" data-orig-size=\"640,512\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Oakridge Apartments\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/08\/Oakridge-Apartments.jpg?w=640\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/08\/Oakridge-Apartments.jpg\" alt=\"Oakridge Apartments\" width=\"300\" height=\"240\" class=\"alignright size-medium wp-image-1004125999\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/08\/Oakridge-Apartments.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/08\/Oakridge-Apartments.jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>The two deals were arranged by Senior Managing Director Mark Forrester and Managing Director Ric Holway, both with Berkadia.<\/p>\n<p>\u201cSteady job growth and rising income levels are driving increasing multifamily demand in the Phoenix market,\u201d Forrester said in a prepared statement. \u201cOur team marshaled our significant regional experience and market expertise to close these deals at competitive price.\u201d<\/p>\n<p><em>Image Courtesy of <a href=\"https:\/\/www.yardimatrix.com\/\" rel=\"nofollow\"><strong>Yardi Matrix<\/strong><\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Two multifamily properties in Phoenix have found new owners with the help of Berkadia.<\/p>\n","protected":false},"author":1158,"featured_media":1004125999,"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-1004125844","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-phoenix"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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