February 7, 2017 Comments Off on 11 Acres Snagged for Townhomes Views: 356 Arizona, Midwest, National News, Southwest

11 Acres Snagged for Townhomes

BB Living Residential LLC acquired 11.3 acres in Mesa, AZ for $2.2 million in a cash deal. The land at Ellsworth and Ray Roads and Inspirian Parkway was sold by DMB Associates. BB Living’s construction affiliate, Higley Homes, will be developing BB Living at Eastmark.

The plan is to build four-plex and six-plex townhome residences, ranging from 1,608 to 2,172 square feet. Monthly rentals are anticipated to run from $1,500 to $1,800. Renters are expected to begin occupying the 132-unit development by the end of 2017.

BB Living has been doing well in the build-to-rent development area; it developed and owns assets throughout the Phoenix metro. The projects tend to run at 100% occupancy.

Read More at Business Real Estate Weekly

Connect with BB Living


Subscribe to Connect Daily National

For comments, questions or concerns, please contact Amy Sorter

Share on FacebookTweet about this on TwitterShare on LinkedInEmail this to someone

Tags: , ,

Comments are closed.