ARA Newmark Brokers $47.5M Sale of 435-Unit Multi-housing Community in Central Phoenix

ARA, A Newmark Company (ARA Newmark) announces the $47.5 million sale of The Urban, a 435-unit multifamily community located in Phoenix, AZ. Executive Managing Director Brad Goff and Director Chris Canter brokered the off-market sale on behalf of the seller, San Francisco-based FPA Multifamily.  The buyer was Texas-based Knightvest Capital.  The acquisition was Knightvest’s first…