Investment Firm Expands Real Estate Portfolio with $114.4M Purchase
Client and multi-family investment firm Davlyn Investments significantly expanded its real estate holdings with the $114.4 million purchase of a 290-unit, Class A, luxury multi-family community, constructed in 2005, located in Chandler, Arizona. This second Arizona purchase follows Davlyn’s recent $95 million acquisition of Ascent at the Galleria in Roseville, CA.
“Trevi represented an opportunity to acquire a truly unique, recent vintage multifamily asset, located in a growing submarket with excellent economic fundamentals,” said Aaron Pacillio, Chief Investment Officer of Davlyn Investments. “In addition to its Italian architecture, Trevi offers multiple, desirable attributes including nine to twelve-foot ceilings, central heating and air conditioning, full-size in-unit washer and dryer, walk-in closets, two resort-style pools, state-of-the-art fitness center, and 118 garages with two-car tandem spaces, and a top-notch amenity package.”
Learn more in this AZ Big Media article.