BERKADIA COMPLETES $13,900,000 SALE OF MESA MULTIFAMILY PROPERTY

Berkadia today announced the sale of The Montego, a 154-unit multifamily property located at 949 South Longmore Street, Mesa, AZ.


Senior Managing Directors Mark Forrester and Ric Holway, Senior Director Dan Cheyne, and Associate Tom Wolff of the Berkadia Phoenix office completed the sale on March 24th, for the seller, BH Longmore, LLC, a California limited liability company. The buyer, Western Wealth Holdings, an Arizona limited liability company acquired the property.
Montego is situated in the Fiesta District of Mesa, Arizona which is undergoing major revitalization. The buyer plans on upgrading the community and capitalizing on the economic improvements implemented by the city.
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