Institutional Property Advisors Advises Rockpoint and The Related Group in $131 Million Multifamily Asset Sale in North Phoenix
Marcus & Millichap's (NYSE:MMI) division IPA has facilitated the sale of Town Deer Valley, a 388-unit multifamily property in Phoenix, Arizona, for $131.1 million ($337,887 per unit). The property was sold by a venture between Rockpoint and The Related Group to Goodman Real Estate.
Completed in 2024, the 18-acre property features premium amenities including a 5,900-square-foot clubhouse, a 3,800-square-foot standalone fitness center, and resort-style swimming facilities. The average unit size is 1,004 square feet, equipped with modern appliances and smart home automation.
The property's strategic location near major employers like USAA, Honeywell, and Wells Fargo, along with proximity to Taiwan Semiconductor's $65 billion chip manufacturing facility, positions it to benefit from the region's economic growth. The area includes 2.7 million square feet of retail space within a three-mile radius.
La divisione Marcus & Millichap (NYSE:MMI) IPA ha facilitato la vendita di Town Deer Valley, una proprietà multifamiliare di 388 unità a Phoenix, Arizona, per 131,1 milioni di dollari (337.887 dollari per unità). La proprietà è stata venduta da un consorzio tra Rockpoint e The Related Group a Goodman Real Estate.
Completato nel 2024, il complesso di 18 acri presenta servizi premium tra cui un clubhouse di 5.900 piedi quadrati, un fitness center indipendente di 3.800 piedi quadrati e piscine in stile resort. La dimensione media delle unità è di 1.004 piedi quadrati, dotate di elettrodomestici moderni e automazione domestica intelligente.
La posizione strategica della proprietà vicino a importanti datori di lavoro come USAA, Honeywell e Wells Fargo, insieme alla vicinanza all'impianto di produzione di chip da 65 miliardi di dollari della Taiwan Semiconductor, la posiziona per beneficiare della crescita economica della regione. L'area comprende 2,7 milioni di piedi quadrati di spazio commerciale entro un raggio di tre miglia.
La división Marcus & Millichap (NYSE:MMI) IPA ha facilitado la venta de Town Deer Valley, una propiedad multifamiliar de 388 unidades en Phoenix, Arizona, por 131,1 millones de dólares (337,887 dólares por unidad). La propiedad fue vendida por una empresa conjunta entre Rockpoint y The Related Group a Goodman Real Estate.
Finalizada en 2024, la propiedad de 18 acres cuenta con comodidades premium, incluyendo una casa club de 5,900 pies cuadrados, un centro de fitness independiente de 3,800 pies cuadrados y instalaciones de natación estilo resort. El tamaño promedio de las unidades es de 1,004 pies cuadrados, equipadas con electrodomésticos modernos y automatización del hogar inteligente.
La ubicación estratégica de la propiedad cerca de importantes empleadores como USAA, Honeywell y Wells Fargo, junto con la proximidad a la planta de fabricación de chips de 65 mil millones de dólares de Taiwan Semiconductor, la posiciona para beneficiarse del crecimiento económico de la región. El área incluye 2.7 millones de pies cuadrados de espacio comercial dentro de un radio de tres millas.
Marcus & Millichap (NYSE:MMI)의 IPA 부문은 애리조나 주 피닉스에 위치한 388유닛의 다가구 주택 Town Deer Valley의 판매를 1억 3,110만 달러 (유닛당 337,887 달러)에 용이하게 했습니다. 이 부동산은 Rockpoint와 The Related Group의 합작 투자에 의해 Goodman Real Estate에 판매되었습니다.
2024년에 완공된 이 18에이커의 부지는 5,900 평방피트의 클럽하우스, 3,800 평방피트의 독립적인 피트니스 센터 및 리조트 스타일의 수영 시설과 같은 프리미엄 편의 시설을 제공합니다. 평균 유닛 크기는 1,004 평방피트이며, 현대적인 가전제품과 스마트 홈 자동화가 갖춰져 있습니다.
USAA, Honeywell 및 Wells Fargo와 같은 주요 고용주 근처에 위치한 부동산의 전략적 위치는 650억 달러 규모의 반도체 제조 시설에 근접해 있어 이 지역 경제 성장의 혜택을 받을 수 있습니다. 이 지역에는 3마일 반경 내에 270만 평방피트의 소매 공간이 포함됩니다.
La division Marcus & Millichap (NYSE:MMI) IPA a facilité la vente de Town Deer Valley, une propriété multifamiliale de 388 unités à Phoenix, Arizona, pour 131,1 millions de dollars (337 887 dollars par unité). La propriété a été vendue par une coentreprise entre Rockpoint et The Related Group à Goodman Real Estate.
Achevée en 2024, cette propriété de 18 acres dispose d'aménagements haut de gamme, notamment d'un clubhouse de 5 900 pieds carrés, d'un centre de fitness autonome de 3 800 pieds carrés et d'installations de baignade de style resort. La taille moyenne des unités est de 1 004 pieds carrés, équipées d'appareils modernes et d'automatisation de maison intelligente.
La localisation stratégique de la propriété à proximité de grands employeurs comme USAA, Honeywell et Wells Fargo, ainsi que sa proximité avec l'usine de fabrication de puces de 65 milliards de dollars de Taiwan Semiconductor, la positionne pour bénéficier de la croissance économique de la région. La région comprend 2,7 millions de pieds carrés d'espace commercial dans un rayon de trois miles.
Die Marcus & Millichap (NYSE: MMI) Abteilung IPA hat den Verkauf von Town Deer Valley, einer 388-Einheiten-Wohnanlage in Phoenix, Arizona, für 131,1 Millionen Dollar (337.887 Dollar pro Einheit) ermöglicht. Die Immobilie wurde von einem Joint Venture zwischen Rockpoint und The Related Group an Goodman Real Estate verkauft.
Die 2024 fertiggestellte 18 Morgen große Immobilie bietet hochwertige Annehmlichkeiten, einschließlich eines 5.900 Quadratfuß großen Clubhauses, eines 3.800 Quadratfuß großen Fitnesscenters und Poolanlagen im Resort-Stil. Die durchschnittliche Wohnfläche beträgt 1.004 Quadratfuß und ist mit modernen Geräten und smarter Hausautomatisierung ausgestattet.
Die strategische Lage der Immobilie in der Nähe von großen Arbeitgebern wie USAA, Honeywell und Wells Fargo sowie die Nähe zur 65 Milliarden Dollar teuren Chipfabrik von Taiwan Semiconductor positioniert sie für die Vorteile des wirtschaftlichen Wachstums der Region. In der Umgebung gibt es 2,7 Millionen Quadratfuß Einzelhandelsfläche innerhalb von drei Meilen.
- Successfully closed a significant $131.1 million property transaction
- High per-unit value of $337,887 demonstrates strong market positioning
- Strategic location near major employers and TSMC's $65B facility enhances property value
- Premium amenities and new construction (2024) support competitive market position
- None.
Insights
This
The transaction demonstrates three key market dynamics:
- Institutional investors are betting heavily on Phoenix's tech-driven growth, with TSMC's presence expected to create a multiplier effect on housing demand and rental rates
- The newly-built asset's extensive amenity package and smart home features align with the market's shift toward premium multifamily products targeting high-income tech workers
- MMI's IPA division continues to capture high-value institutional deals, strengthening its market position in the competitive Phoenix landscape
For MMI shareholders, this transaction represents more than just brokerage fees - it validates the company's strategic focus on institutional-grade deals and its ability to execute complex transactions in highly competitive markets. The deal's successful closure, particularly given current market headwinds, demonstrates MMI's resilience and ability to maintain deal flow despite higher interest rates.
“Town Deer Valley is perfectly positioned to capitalize on the unprecedented economic activity driven by Taiwan Semiconductor Manufacturing Company’s
The property is minutes from Interstate 17, proximate to the
Completed in 2024 on 18 acres, Town Deer Valley has market-best amenities, including a 5,900-square-foot clubhouse with arts and crafts room, poker room, and La Galere sundry shop. The membership-quality fitness center features 3,800 square feet in a standalone building with TRX Bridge fitness equipment, while the resort-inspired swimming pool showcases a striking rain curtain water feature and separate wading pool with submerged loungers. Apartments have stainless steel side-by-side refrigerators, single-door access to patios and balconies with exterior storage, and a smart home automation package. The average unit size is 1,004 square feet.
About Institutional Property Advisors (IPA)
Institutional Property Advisors (IPA) is a division of Marcus & Millichap (NYSE: MMI), a leading commercial real estate services firm in
About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout
View source version on businesswire.com: https://www.businesswire.com/news/home/20250211723365/en/
Gina Relva, VP of Public Relations
Gina.Relva@MarcusMillichap.com
Source: Marcus & Millichap, Inc.
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