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31 Jan

Posted at 21:50h in Uncategorized

January 2020 After acquiring the Mirabella apartments (rebranded to Yardz on Kolb) in December of 2016 for $15,225,000, Avenue North sold the 410 unit apartment property to a private investment group for $36,700,000 in January 2020. Berkadia's Art and Clint Wadlund were the brokers on the transaction.  The property is located in Tucson, AZ and was built in the 1970's. Avenue North invested significant capital into the property...

31 Dec

Posted at 21:53h in Uncategorized

December 2019 Avenue North acquired approximately 12 acres to build a 165-unit horizontal apartment development. The project will be one of the planned first single family rental communities in North Las Vegas, with limited like-kind competitive supply in the Las Vegas marketplace. The rental homes are an inspired alternative to traditional apartment communities with no common-walls, no neighbors above or below you, and private back-yards on...

28 Jun

Posted at 11:59h in Uncategorized

June 2019 The buyer of the 180-unit Class C multifamily asset financed the deal with a nearly $14 million Freddie Mac acquisition loan Avenue North has acquired The Cottages, a 180-unit Class C community in Las Vegas, from 3D Investments for $18.4 million, according to Yardi Matrix. Walker & Dunlop originated $13.8 million in Freddie Mac acquisition financing for the new owner. The loan matures in 2029. The...

28 Feb

Posted at 12:20h in Uncategorized

A Scottsdale multifamily investor has purchased some vacant infill land in south Phoenix to build its own project, looking to ride the popularity of single-family hybrid rental communities. Avenue North LLC paid $2.05 million cash for 6.7 acres at the northwest corner of 16th Street and Baseline Road. Plans call for developing a $16.9 million project totaling 85 units, said Andrew Biskind, vice president of Avenue North...

28 Nov

Posted at 12:37h in Uncategorized

Latitude Mgmt Sells Yardz at Mirabelli Apt Complex in Las Vegas November 2017 Avenue North Purchases 168-Unit Complex for $12.3M Latitude Management Real Estate Investors, Inc. sold the 168-unit Yardz at Mirabelli apartments in Las Vegas, NV to Avenue North LLC for $12.28 million, or approximately $73,000 per unit. The 152,320-square-foot multifamily property delivered in 1984 at 6250 Hargrove Ave. in the Charleston Preservation submarket of Clark County. It...

30 Jul

Posted at 08:04h in Uncategorized

July 2017 Las Vistas at Papago Park Apartments Sell for $13.5+ Million Apartment Community Re-Named Proximity at Papago Park and Slated for Modernization Phoenix, July 12, 2017 – Las Vistas at Papago Park, a 13-building apartment community at 1010 N 48th St., has been sold for $13,550,000 to an entity sponsored by Avenue North, LLC (www.ave-north.com) of Phoenix. The local buyer has plans to rename the property Proximity...