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 […]