Decron Properties ended 2022 with its acquisition of BB Living at Eastmark, a 132-unit residential build-to-rent community in Mesa, Ariz., for $76 million.
Built in 2020, the 132-unit community is located in the master-planned community of Eastmark at 5150 Inspirian Parkway. BB Living at Eastmark features three- and four-bedroom townhomes with attached two-car garages. Home interiors offer high-level amenities such as stainless-steel appliances, custom cabinetry, granite countertops, wood-style tile flooring, SmartRent Home systems, and a washer and dryer. Community amenities include resort pool and splash pad, basketball court, and clubhouse.
In 2021, the Los Angeles–based real estate investment firm acquired six assets for $570 million, far outpacing the company’s previous record of $345 million in acquisitions in 2018. The firm also disposed of another $413 million in assets during the year, producing transaction volume for the year of just under $1 billion.
