Berkadia negotiates $35M sale of Greentree Place

Above: Greentree Place offers 256 units in Chandler and includes a pool, a fitness center, a playground and tennis court. (Photo provided by Berkadia) Real Estate | 24 Apr, 2018 |

Berkadia closed the sale of Greentree Place, a multifamily property in Chandler, Arizona this month.  

Senior Managing Directors Ric Holway and Mark Forrester and Senior Director Dan Cheyne of Berkadia’s Phoenix office secured the deal on behalf of the seller, GP Chandler Investco, LLC, a Delaware-based limited liability company.  

The buyer was Western Wealth Capital, based in Canada, and the deal closed on April 10. 

“Greentree Place represented a strong, low density, value-add opportunity with spacious floor plans and an appealing location within walking distance of downtown Chandler,” said Forrester. 

Located at 250 S. Elizabeth Way, the property offers 256 one-, two- and three-bedroom units with air conditioning, in-unit washers and dryers, walk-in closets and balconies or patios. Community amenities include a fitness center, a pool, a playground and a tennis court. Residents have easy access to Arizona State Routes 87 and 202. 

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