Olympus Property has purchased Aiya, a 360-unit multifamily community in Gilbert, Ariz., for $112 million or $311,111 per unit. The Wolff Co. was the property’s seller. The property is near the intersection of US 60 and the San Tan Freeway.
Institutional Property Advisors brokered the transaction, with Steve Gebing and Cliff David working on behalf of the seller and procuring the buyer. The acquisition financing was arranged by a IPA Capital Markets team led by Brian Eisendrath.
Completed in 2022, the garden-style community encompasses 16 buildings with one-, two- and three-bedroom floorplans ranging between 546 square feet and 1,228 square feet.
The post Olympus Pays $112M for Gilbert Rental Community appeared first on Connect CRE.
Olympus Property has purchased Aiya, a 360-unit multifamily community in Gilbert, Ariz., for $112 million or $311,111 per unit. The Wolff Co. was the property’s seller. The property is near the intersection of US 60 and the San Tan Freeway. Institutional Property Advisors brokered the transaction, with Steve Gebing and Cliff David working on behalf of the seller and …
The post Olympus Pays $112M for Gilbert Rental Community appeared first on Connect CRE.
Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate