Berkadia Completes $36 Million Sale of Multifamily Property

Phoenix, Arizona Berkadia announced today the $36.25 million sale of Azure Creek, a 160-unit garden-style multifamily property in Maricopa, Arizona. Senior Managing Directors Mark Forrester and Ric Holway and Senior Director Dan Cheyne of Berkadia’s Phoenix office facilitated the sale on behalf of the seller, California-based RK Properties. The buyer was CWS Capital Partners LLC, also based in California, and the deal closed on January 8.

Located at 29862 N Tatum Blvd, within the Tatum Ranch Master Planned Community, Azure Creek features one- and two-bedroom floor plans with nine-foot ceilings, full-size washers and dryers, stainless-steel appliances, granite countertops, wood-style flooring and built-in closets. Community amenities include a heated resort-style swimming pool, outdoor grilling stations, a 24-hour fitness center, a movie theater, a business center and an oversized dog park . Residents are afforded convenient access to Tatum Ranch Golf Center, Desert Willow Park and the shops and restaurants within the Tatum and Cave Creek Retail Center.

About Berkadia®:

Berkadia, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is a leader in the commercial real estate industry, offering a robust suite of services to our multifamily and commercial property clients. Through our integrated mortgage banking, investment sales and servicing platform, Berkadia delivers comprehensive real estate solutions for the entire life cycle of our clients’ assets. 

To learn more about Berkadia, please visit www.berkadia.com.

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