Arizona

PHOENIX — An affiliate of Reliant Group Management has purchased Phoenix Manor, a 405-unit property in Phoenix. Phoenix manor comprises 38 apartment buildings, a 16,750-square-foot clubhouse with a leasing center, 6,750-square-foot auditorium, 4,200-square-foot maintenance shop, two pools, two lagoons, three pavilions, a dog park, putting green and four shuffleboard courts. The property offers studio, one- and two-bedroom floor plans. Cindy Cooke, Brad Cooke, Chris Roach and Matt Roach of Colliers represented the seller, Phoenix Manor LLC.

PHOENIX — Living Well Homes sold The Marlowe, a 53-unit community in Phoenix, to Topp Corp. for $8.4 million. Paul Bay, Darrell Moffitt, Cliff David and Steve Gebing of Institutional Property Advisors represented the seller and procured the buyer. The Marlowe was built in 1968 and includes amenities such as a central courtyard, pool, laundry facility and assigned parking. The average unit size at the property is 552 square feet.

PHOENIX — Weidner Apartment Homes has acquired 700 North 4th Street, a 27-story, 234-unit luxury multifamily asset in Phoenix. Steve Gebing, Cliff David and Peter Katz of Institutional Property Advisors (IPA) represented the undisclosed seller and procured the buyer. Brian Eisendrath, Cameron Chalfant, Jake Vitta and Jesse Zarouk led the IPA Capital Markets team that arranged acquisition financing. 700 North 4th Street offers studio, one-, two- and three-bedroom apartments, as well as amenities such as a fitness center, pool and spa, demonstration kitchen with bar seating, and collaborative and private …