**Brookfield Properties Acquires Chandler Multifamily Community for $95.5M**
Brookfield Properties has acquired the Arches at Hidden Creek, a 432-unit multifamily community located in Chandler, Arizona, in a transaction valued at $95.5 million. The seller was LivCor.
Originally completed in 1986, Arches at Hidden Creek is situated at 1586 W. Maggio Way, approximately two miles from downtown Chandler. The property offers convenient access to key locations, including Phoenix Sky Harbor International Airport, just 16 miles away, and downtown Phoenix, located roughly 22 miles to the northwest.
According to data from CommercialEdge, LivCor purchased the asset in November 2019 for $84 million from seller Security Properties.
Set across 22 acres, the community features 24 two-story residential buildings. Unit layouts include one-, two-, and three-bedroom floor plans ranging from 657 to 1,066 square feet. Each apartment includes a private balcony or patio.
Residents benefit from a wide array of amenities, including a fully equipped fitness center, clubhouse, four swimming pools, and two spas. Additional features include a sundeck, outdoor lounge area, yoga room, grilling stations, and more than 730 on-site parking spaces.
