News
Phoenix Multifamily

Oregon Investor Buys Gilbert Square Apartments

Gilbert Square Apartments at 1821 E Covina St in Mesa traded hands for $10.7M. CA-based Exchange Services sold the property to Gilbert Square Equity of Portland, OR. Berkadia's Mark Forrester, Ric Holway and Dan Cheyne negotiated the sale, while Chad Williams originated a fixed-rate acquisition loan through Berkadia’s Fannie Mae Program, AZ Big Media reports. Built in 1979, the property is now 93% occupied. [AZBM]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Phoenix Newsletters
Related Stories

Pablo Castro's Lawyers Quit HueHub Suit, Citing 'Irreconcilable Differences'

Tishman Speyer Makes Charlotte Debut With $76.3M Apartment Buy

Keith Oden To Retire From Executive Position At Camden Property Trust

$356M Verdict Prompts JBG Smith To Postpone Earnings Release

Charles Schwab To Invest $11.7M In Scottsdale Office Renovations

The Davis Cos. Sells 2 Fenway Apartment Buildings For $37M

Rent Freeze Heightens Loss Risk For $506M CMBS Loan

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Bringing Stability And Savings To CRE Insurance Through Working Layer

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy

SEC Charges REIT, Its Founders With Alleged $152M Fraud Scheme

Miami's Condo Craze Has Developers Spending Millions On Sales Galleries