3333 Dunlap Associates LLC, formed by Bear Holdings Group LLC (Gary Saterbak, et al, principal) paid $8,064,000 ($28,000 per unit) to purchase the 288-unit Copper Glen apartments located 3333 W. Dunlap Ave. in Phoenix.
The seller was Copper Glen Partners LP, a limited partnership in Vancouver, BC, Canada (Eyhan Caldwell, principal).
The deal was brokered through Bill Hahn, Jeff Sherman and Trevor Koskovich (HSK) of Colliers International in Phoenix. Maricopa County records show the buyer acquired the property with a $10.8 million loan issued by Ladder Capital Finance LLC of New York.
The financing was arranged by Sarah Gochberg, Executive Director. The complex was built in 1973, and the property will undergo a complete renovation by the new owner.