Property Acquisitions

June 27, 2019

Bear Holdings Affiliates Purchase Las Colinas Apartments for $14.7M

Phoenix, AZ – June 27, 2019 – The Sponsor acquired the 1986 vintage, 156-unit, Las Colinas Apartments complex in Phoenix, AZ for $14.75mm ($95k/unit). Sponsorship will spend $2.43mm ($16k/unit) to upgrade unit interiors, and rehab the exterior, landscaping, pool area and clubhouse. Total project cost is projected at $18mm ($115k/unit). Investors are projected to earn […]

Property Acquisitions
May 8, 2019

Bear Holdings Affiliates Purchase Orange Creek Apartments for $13.15M

Glendale, AZ – May 08 2019 – The Sponsor purchased the circa 1986 Orange Creek apartment complex in Phoenix for $13,150,000 ($92,606/unit). Sponsorship will spend $2,215,000 ($15,600/unit) to upgrade unit interiors, and rehab the exterior, landscaping, pool area and clubhouse. Total project cost is projected to be $16,342,331 ($115,087/unit). Investors are projected to receive a […]

Property Acquisitions
November 30, 2018

Bear Holdings Affiliates Purchase Arcadia Park Apartments & Hermosa Apartments for $12.6M

Phoenix, AZ – November 30 2018 – The Sponsor acquired the 1973 vintage, 73-unit, Arcadia Park Apartments and the 1980’s vintage, 50-unit Hermosa Apartments in Phoenix, AZ, as a two-property portfolio for $12.6mm ($102.4k/unit). Sponsorship will spend $3.4mm ($27.6k/unit) to upgrade unit interiors, and rehab the exterior, landscaping, pool area and clubhouse. Total project cost […]

Property Acquisitions
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 […]

General News, Property Acquisitions
November 20, 2017

BHG Completes Purchase of 304 Unit Apartment Complex in Glendale, AZ

Phoenix, November 2017 – Bear Holdings Group has completed the purchase of the 304-unit Arroyo Vista Apartments in Glendale, AZ, for $25,000,000. The property was sold by The Wasatch Group, based in Utah. ABI Multifamily, a brokerage and advisory services firm that focuses exclusively on apartment investment transactions, represented both the Buyer and the Seller in […]

Property Acquisitions
May 15, 2017

Bear Holdings Group Closes First Self Storage Site

Bear Holdings Group has closed the purchase of 5.67 acres located at 1919 W. Baseline Road near 19th Avenue in Phoenix, Arizona. The company will construct and operate a new self storage facility consisting of 98,921 sq ft of building area, with 81,575 sq ft in net rentable storage area.  All entitlements have been completed including […]

General News, Property Acquisitions
July 1, 2015

Acquisition of Copper Glen Apartments in Phoenix

Closed acquisition of the 288-unit Copper Glen Apartments located at 3333 W. Dunlap Avenue in Phoenix, AZ. The property is located in the Metro Center area, a submarket with some of Phoenix’s fastest growing rents.

Property Acquisitions
March 1, 2015

Acquisition of Battle Creek, MI Property

Closed the acquisition of the 60-unit 3-story elevator building in Battle Creek, MI. The property was acquired along with an adjacent 5 acre site to allow for the construction of an additional 60 units.  The property is currently low income restricted to seniors 55+.  The business plan includes early exit from the low income restrictions […]

Property Acquisitions