CBRE Multifamily Investment Group Negotiates Transaction Totaling $1.47 Million in Phoenix

CBRE has negotiated the following multi-family sale transaction:


• Old Republic Exchange Facilitator Company and Asset Preservation Inc. from San Francisco, Calif. have purchased Sun Ray, a 28-unit multi-family property located at 1621 West Denton Lane in Phoenix, Ariz. The seller was Duane Heldt and Stephanie Potter of Costa Mesa, Calif. Brian Smuckler and Jeff Seaman of CBRE’s Phoenix office represented both buyer and the seller in negotiating the $1.47 million transaction.

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