Vestis Group Closes Two Multifamily Deals In Phoenix

Commercial Executive Magazine | facebook.com

• Mountain Springs Terrace Condominium: Jacobs and Litwin have completed the sale of 26-units (bulk condos) of Mountain Springs Terrace Condominium for $663,000 / $25,500 per unit. The buyer, ARKS LLC, a Calgary-based investor, purchased 26 of 122 units within the community.

• Loma Bonita Condominium: Jacobs and Litwin have completed the sale of 9-units (bulk condos) of Loma Bonita Condominium aka Mountain View Manor for $234,000 / $26,000 per unit. The buyer, Rescon Properties LLC, a local investor, purchased 9 of 92 units within the community. – more at facebook.com

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