Davlyn Investments, a multifamily investment firm, has closed on the $114.39 million purchase of Trevi, a 290-unit, class A, luxury multifamily community, constructed in 2005, located in Chandler, Ariz. This is Davlyn’s second acquisition in Arizona.
Trevi offers nine- to 12-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, as well as a top-notch amenity package.
“The original developer over-improved the property relative to the market standards, employing exceptional architectural features, such as curved walls, stone applique, spiral staircases, accent banding, a scenic walking promenade and courtyard fountains, which immerse residents in an experience that is a cut above,” said Aaron Pacillio, CIO of Davlyn Investments. “Furthermore, due to these improvements and their requisite costs versus rents at tha
