Cabana Happy Valley in Phoenix

Greenlight Communities Sells Cabana Happy Valley in Phoenix for $79.2 Million

by Channing Hamilton

PHOENIX — Greenlight Communities has sold Cabana Happy Valley, a 292-unit community in Phoenix, to Ideal Capital Group for $79.2 million. Steve Gebing and Cliff David of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the buyer. Cabana Happy Valley was built in 2023 on nine acres. Amenities include a two-story leasing office and clubhouse, fitness center, lounge, coworking space, pool, EV charging stations, bike storage, mail room and covered parking.

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