Sales Transactions
1. Cavan Companies sold Bungalows on Camelback, a 334-unit BTR community at 4747 N. 99th Ave. in Phoenix, for $112.5M. The buyer was an entity tracing to Marlowe D Moy.
2. Tides Equities sold the 27-building Tides on McDowell apartment complex to Nitya Capital for $41M. The complex holds 274 units and is located at 4620 W. McDowell Road in Phoenix. The new owner plans to renovate the property. The seller was represented by Northmarq’s Jesse Hudson, Logan Baca and Chris Michl.
3. 9005 North Oracle Owner LLC, c/o 9055 North Oracle Investments LLC/Stellar Senior Living, purchased The Watermark at Oro Valley from SHP V Oro Valley LLC, c/o PGIM Real Estate. The assisted living community contains 101 units, is located near Oracle Road and Hardy Road in Oro Valley and was sold for $23M. The seller was represented by Nevena Vujic, while the buyer was represented by Artemis North Oracle Members…