‘BHG’ News from Bear Holdings Group

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 […]

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 […]

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 […]

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 […]

August 30, 2018

Bear Holdings Group Appoints Experienced COO

Phoenix,  August, 2018 –  Bear Holdings Group LLC announces the appointment of Mr. Baron Saterbak as Chief Operating Officer of the company.  Baron brings more than 15 years of experience in multi-family operations, acquisitions, due diligence, renovation, investment, contract negotiation, and sales. Formally the Director of Acquisition of MGM Property Management in Indiana, Baron will […]

August 6, 2018

The Terraces at Glassford Hill Apartment Property in Prescott Valley Sells for $47+ Million

Phoenix,  August, 2018 –  The Terraces at Glassford Hill apartments in Prescott Valley have been sold to California-based Virtú Investments for $47,350,000 which is $209,530 per unit. “The Terraces is irreplaceable with it’s unique location positioned on top of Glassford Hill.  The fantastic views overlooking Prescott Valley combined with Class A quality design provides consistently […]

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 […]

October 10, 2017

288-Unit Dunlap Falls Apartments in Phoenix Sold for $22.6 Million

Phoenix, October 2017 – Bear Holdings Group and their partners have completed the sale of the 288-unit Dunlap Falls Apartments at 3333 W. Dunlap Ave. for $22,600,000. Dunlap Falls is located in the Metrocenter submarket in central Phoenix.  The property, offered by Colliers International, was purchased by two California-based partnerships as their first acquisition in […]

June 15, 2017

Bear Holdings Group Takes 288-Unit Dunlap Falls To Market

Bear Holdings Group has completed a $6M renovation of the 288-unit Dunlap Falls Apartments. The property has been leased to a current occupancy of 95%+. Dunlap Falls is located in the Metrocenter submarket in central Phoenix.  The property is being offered by Colliers International. Dunlap Falls consists of 240 two bedroom/one bath units and 48 three […]

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 […]

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