Diamond Pavilions LLC acquired the 248-unit Pavilions at Arrowhead apartments in Glendale, Ariz., via property exchange.

The value of the transaction was $20.8 million.

DWP LLC traded/sold the Arizona property, located at 7400 West Arrowhead Clubhouse Drive, for the 64-unit Camelot Mesa Townhome apartment property located at 10208 Maya Linda Road in San Diego, Calif., formerly owned by Diamond I LLC.

The Arizona apartment project was built in 1997 and features one-bedroom and two-bedroom units with full-size washer and dryers, covered carports, garages and drive-through car wash.

Colliers International represented the buyer in this transaction. Grubb & Ellis/BRE Commercial represented the seller.

Colliers International is a provider of commercial real estate services.

***

What’s your opinion? Send your Letter to the Editor to opinion@inman.com.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Refer friends to Select and get $200 in credit.Register Here×
Connect Now is less than two weeks away. Prices go up May 30.Reserve your seat today.×