Berkadia represented Harvard Investments in the sale of FirstStreet at Happy Valley, a 212-unit, cottage-style built-for-rent property located in Phoenix. Mark Forrester led a team from the Phoenix office to complete the $87.85 million transaction.
FirstStreet is situated at 1717 W Happy Valley Road and consists of one-, two-, and three bedroom casita style units (attached & detached) with an average unit size of 1,094 square feet. The low density community offers single story apartments as well as two story townhomes with attached garages plus amenities such as clubhouse featuring co working office environment; resort style pool & spa; private fitness center and private fenced backyards for residents’ convenience .
The location provides easy access to Norterra’s local retail stores and dining scene making it an ideal spot for renters seeking convenient lifestyle options .
This post originally appeared on Connect CRE
