**Bela Flor Communities Sells Mesa Build-to-Rent Community for $95.75M**
Bela Flor Communities has completed the sale of Bella Encanta, a 212-unit build-to-rent (BTR) home community located in Mesa, Arizona. The property was acquired by a global institutional investor for $95.75 million, amounting to over $450,000 per unit.
Completed in 2023, Bella Encanta features spacious, duplex-style homes ranging from two to five bedrooms and between 1,234 and 2,337 square feet in size. The community offers a range of resort-style amenities, including:
– A swimming pool with two spas
– Poolside cabanas and a sundeck
– Barbecue grotto
– A resident clubhouse with a fitness center featuring a climbing wall
– Demonstration kitchen and billiards table
– Conference and meeting rooms with lounge areas
Outdoor amenities are equally extensive and include:
– Soccer fields
– Two pet parks with a wash station
– Sand volleyball court and basketball half-court
– Two pickleball courts
– Children’s playground
– Walking paths
– Multiple picnic areas with BBQ grills
CBRE’s multifamily investment team—Griffen Tymins, Asher Gunter, Matt Pesch, Sean Cunningham, and Austin Groen—represented Bela Flor Communities in the transaction.
**Upcoming Event: Connect Phoenix Multifamily, SFR & BTR Conference**
Join industry professionals on Thursday, April 10, 2025, at The Westin Kierland Resort & Spa in Scottsdale for Connect Phoenix Multifamily, SFR & BTR. This event will feature expert-led discussion panels, high-level networking opportunities, and a closing cocktail reception on the terrace. For more information and registration, visit www.ConnectPHXMF2025.com.
