Atlanta-based Canopy Real Estate Partners has acquired the newly built CJ Townhomes for $13.39 million. Located in Mesa, Arizona, the 36-unit multifamily community was completed in 2024.
Canopy has executed its signature strategies and purchased the 95% leased property at a price below its replacement cost.
Canopy Buys New Mesa Townhome Community at Below-Cost Deal
Canopy Real Estate Partners has shared the announcement of its recent CJ Townhomes acquisition. The Atlanta-based commercial real estate firm has purchased the 2024-built 36-unit multifamily community in Mesa for a price below the replacement cost of $13.39 million.
Located at 3426 E University Drive in Mesa, the CJ Townhomes property spans 61,670 square feet. It features three-bedroom townhomes with two-car garages and private yards…