News

November 2, 2018

BHG Partners in the Purchase of Two Apartment Complexes in Arizona

Phoenix, AZ – November 02 2018 – Bear Holdings Group provided acquisition and investment/asset management services to their partners The Barone Group in the recent purchase of two apartment complexes located in Metro Phoenix, AZ.

Canyon Woods Apartments, located in Phoenix, AZ, was built in 1984 and features 224 apartment units. The property is situated on approximately seven acres and consists of 12, two-story frame buildings.  It is well maintained and features a quiet, family-friendly environment.

Shadow Rose Apartments, located in Glendale, AZ, was built in 1985 and features 148 apartment units. The property is situated on approximately 5.86 acres of land, and consists of 14, two-story frame and stucco buildings. It is in great physical condition and provides workforce housing for the local community.

Hunt Real Estate Capital provided  $22,500,000 in Agency loans to finance the acquisition, while Duke Stone at Churchill Capital Company represented the owners on both transactions.

More details on the transaction are available in this Press Release from Hunt Real Estate Capital.

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About Bear Holdings Group LLC

Bear Holdings Group, based in Scottsdale, AZ, provides project sponsorship, joint venture and investment opportunities for multifamily construction, acquisition, conversion and rehabilitation. With expertise that includes fund creation, project sponsorship, and asset management tailored to partnership objectives, Bear Holdings Group currently has interests in dozens of multifamily properties through five states. Contact Bear Holdings Group today at info@bearhg.com.

General News, Property Acquisitions