Rockpoint sells multifamily complex in Sun Belt market
Transactions - JUNE 14, 2024

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Rockpoint sells multifamily complex in Sun Belt market

by Released

P.B. Bell, a Scottsdale-based developer specializing in multifamily housing communities in Arizona, and Rockpoint have sold The Landing at Fiesta Village, an upscale, garden-style, multifamily community in Mesa, Ariz.

Financial terms of the transaction were not disclosed.

Fiesta Village is located in Phoenix’s Southeast Valley with convenient access to the city’s employment hubs. The newly developed community features one-, two-, and three-bedroom units with a range of luxury amenities, including gourmet kitchens with granite countertops, custom cabinets, stainless-steel appliances, and spacious outdoor balconies. Fiesta Village also offers an array of amenities, giving residents full access to a business center, clubroom, 24-hour fitness facility, resort-style pool, dog park, dog spa, community playground, and smart door locks, thermostat and lights.

P.B. Bell and Rockpoint acquired the 10.2-acre development site in 2020 and subsequently developed the prope

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