ColRich acquired Avia 266, a 267-unit multifamily community in Mesa, AZ, for $52.4 million, including the assumption of an existing HUD loan. The buyer intends to rename the property The Remy. The sales price comes out to just under $200,000 a unit. Geringer Capital was the seller. Geringer paid $45.25 million for the property in ...
The post ColRich Pays $52.4M for Mesa Rental Community appeared first on Connect CRE .
This content is for informational purposes only and does not constitute investment advice. Always consult with qualified professionals before making investment decisions.
Get Daily Insights Like This
Join thousands of CRE investors receiving market updates, deal analysis, and tenant intelligence daily.
Subscribe Free