Stratford Partners Archives

Capital firm buys Chandler apartments for $28.75M

Chandler apartments
by in AZRE Magazine | Multi-Family

Capital Real Estate purchased a 203-unit Chandler apartment complex for $28.75 million from Stratford Partners, according to Institutional Property Advisors (IPA), a division of Marcus & Millichap. Palm Trails Apartments were built in 2002 by CMH Corp., and is located at 235 E. Ray Rd., in Chandler. The price for the apartment community equates to $141,626 per… Read More →

CBRE completes $42.65M sale of apartment communities

by in AZRE Magazine | Brokerage | Multi-Family

CBRE finalized the sale of Highland Park and Park View, two multifamily communities totaling 472 units and located in Tempe. Together, the properties sold for $42.65 million. A joint venture sponsored by Scottsdale-based Everest Holdings purchased the communities from San Diego-based Stratford Partners. Tyler Anderson, Sean Cunningham, Asher Gunter, and Matt Pesch negotiated the transaction with CBRE’s… Read More →

Marcus & Millichap arrange sale of 76-unit property

Marcus & Millichap announced the sale of Candela Park, a 76-unit apartment property located in Mesa, AZ, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $5,925,000. Cliff David, a Marcus & Millichap vice president investments, Steve Gebing, a senior director with Institutional Property Advisors, a division of Marcus… Read More →

Dorsey Place Sells for $15M to Joint Venture in Phoenix

by in Business News

Transwestern brokered the sale of Dorsey Place, an 84-unit, condominium-style apartment building on East University Drive in Tempe, for nearly $15M. San Diego, Calif.-based Stratford Partners and Pathfinder Partners, which had purchased the building in 2011, sold the building to a joint venture between Diversified International Partners and Alliance Residential of Phoenix. The sellers were… Read More →