Brief
Cavan Spins Off Phoenix BTR Community for $112.5M
Cavan Cos. has sold The Bungalows on Camelback, a 334-unit, build-to-rent asset in Phoenix, for $112.5 million. That comes out to about $337,000 a unit. A private individual acquired the property. Thi
Cavan Cos. has sold The Bungalows on Camelback, a 334-unit, build-to-rent asset in Phoenix, for $112.5 million. That comes out to about $337,000 a unit. A private individual acquired the property. This deal marked the biggest single-asset BTR sale in the metro’s history. Located on more than 29 acres at 4747 N. 99th Ave., The Bungalows on...
Source
- Connect CREconnectcre.com
