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Priderock Acquires $154M Az Portfolio

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IMT Residential sold Del Coronado, Moorings at Mesa and Rancho Murietta, which are located in Tempe and Mesa. : Priderock Capital Partners has acquired a three-property multifamily portfolio from IMT Residential for $153.5 million. The properties—Del Coronado, Moorings at Mesa and Rancho Murietta—are located in Tempe and Mesa, Ariz.  CBRE’s Vice Chairmen Tyler Anderson and Sean Cunningham, as well as Senior Vice Presidents Asher Gunter and Matt Pesch arranged the sale on behalf of the seller. “Priderock’s purchase marks an excellent value-add acquisition of three well-located East Valley communities in submarkets with limited new development,” Anderson told Multi-Housing News.

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