CWS Capital Buys Phoenix Apartments

  • Feb. 28, 2019
  • Multi-Housing News

The P.B. Bell Cos. has sold Alante at the Islands, a 320-unit Class A multifamily asset near Phoenix, to CWS Capital Partners for $59.6 million, per Yardi Matrix data. The buyer financed the acquisition with a $39.3 million Freddie Mac mortgage originated by Walker & Dunlop. The loan matures in 2029.

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