Housing Market Intelligence, Property Management

The Metro Apartment Market Update – Dec, 2018

Recent transactions on apartment complexes are —

  • $58 million for the 310-unit Chandler Court in Chandler – $187,199 a unit
  • $32 million for the 186-unit River Ranch in Chandler – $172,050 a unit
  • $59 million for the 341-unit Vista Montana in Gilbert – $173,020 a unit
  • $90 million for the 349-unit Crescent Communities in Phoenix – 257,900 a unit
  • $158 million for the 279-unit The District on Apache in Tempe- $566,300 a unit *

* The District on Apache has 1B/1B, 2B/2B, 3B/3B, and 4B/4B units and it is residential housing @ ASU.

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