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Multi-Million-Dollar Multifamily Goes Sale Viral

By Tony Seruga

NEW event in SoCal! Meet the people leading the sector at RealShare Industrial West. The Westin Long Beach, January 19-20. Room block available.

Lakeside Apartments is in proximity to Andersen Springs Lake.

CHANDLER, AZ—Tech-centric multi-family locations attract tech workers and the Lakeside Apartment Homes exemplifies that phenomenon. The community, located in the Price Technology Corridor, recently sold for $22.3 million. There are 230 total units, of which 212 are rentals.

The Lakeside closing marks the sixth ABI Multifamily-brokered transaction during the past 18 months with the California-based buyer, Wood River Properties, a multifamily investor with units across the Phoenix Metro. This sale also marks the second ABI brokerage transaction between Wood River Properties and the seller, Security Properties Inc. In 2014, ABI transacted 151 unit-Miramonte Apartments in Scottsdale, AZ between the same two parties. Security Properties Inc. is a real estate enterprise with ownership responsibilities of more than 1,300 units under ownership/management across the Phoenix Metro…

Multi-Million-Dollar Multifamily Goes Sale Viral

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