Colliers International purchases three multifamily complexes

West Glen LLC, Yotam Shochat, principal, paid $2,750,000 ($72,368 per unit) to buy the 38 unit West Glen apartments located 911 & 917 W. Glendale Avenue in Phoenix, Arizona. The seller was a limited partnership formed by Mentor Properties, Calum DeSouza, principal. The deal was brokered through Bill Hahn, Jeff Sherman and Trevor Koskovich (HSK) of Colliers International in Phoenix. Maricopa County records show the buyer acquired the property with a new loan issued by Bank 34 of Scottsdale, Arizona. The complex was built in 1954, 1959, and 1963.

Phoenix Avalon LLC, Zev Hendeles, principal, paid $8,350,000 ($71,368 per unit) to buy the 117 unit Avalon apartments located 3851 N. 28th Street in Phoenix, Arizona. The seller was Westwood Management LLC, Stephen Davis, principal. The deal was brokered through Bill Hahn, Jeff Sherman and Trevor Koskovich (HSK) of Colliers International in Phoenix. Maricopa County records show the buyer acquired the property with a new loan issued by Artemis Realty Capital of Phoenix, Arizona. The complex was built in 1973.

Tolu Real Estate, Inc., Jason Tolu, principal, paid $9,500,000 ($47,264 per unit) to buy the 201 unit La Mirada apartments located 4415 E. Grant Road in Tucson, Arizona. The seller was a limited liability company formed by Chris Monson, principal. The deal was brokered through Bill Hahn, Jeff Sherman and Trevor Koskovich (HSK) of Colliers International in Phoenix. Pima County records show the buyer acquired the property with a new loan issued by Opus Bank of Phoenix, Arizona. The complex was built in 1973 and renovated in 2007.