“Multifamily fundamentals in Mesa provide a very compelling investment argument,” said Pesch. Country Club Road in the Mesa submarket of Phoenix, FIVE46 features two swimming pools, resident clubhouse, 24-hour fitness center, lighted dog park, soccer field, shaded children’s playground, and picnic areas with barbecue grills. Rocco Mandala of CBRE Debt & Structured Finance arranged financing for S2 Capital. to S2 Capital for $46 million.ĬBRE’s Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch of Phoenix Multifamily Institutional Properties represented the sellers, Security Properties and Oaktree Capital Management. CBRE has arranged the sale of the 320-unit multifamily community FIVE46 on behalf of a joint venture between Security Properties and funds managed by Oaktree Capital Management, L.P.
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