December 13, 2021

Villas on 35th & Pointe Metro Sold

Atlantic Creek Real Estate Partners, LLC (“Atlantic Creek”) is pleased to announce the sale of an Atlantic Creek affiliate’s interests in Villas on 35th (“Villas”) and Pointe Metro (“Metro”, and together with Villas, the “Properties”) on December 13, 2021. An affiliate of Atlantic Creek and its joint venture partner (the “JV”) acquired the Properties in June 2019. The Properties are comprised of 561 total units spread across two adjacent class B, garden-style, multi-family apartment communities consisting of 31, two and three-story buildings.

The Properties are located within the North-Central Phoenix Sunnyslope (“Sunnyslope”) submarket, approximately nine miles northwest of the Phoenix Central Business District and approximately 11 miles northwest of Phoenix’s Sky Harbor International Airport. The Properties benefit from their proximity to Interstate-17 (“I-17”), approximately one mile east of the property. I-17 is a major transportation corridor in Phoenix, connecting the Sunnyslope neighborhood (and the Properties) to growing employment nodes located to the north and south.

Atlantic Creek has offices in New York, NY and Palm Beach, FL and targets direct and joint venture investments in opportunistic and value add multi-family, office, and other property types primarily located on the East and West Coasts of the U.S., Texas, and other select U.S. markets.

For further information on new acquisitions and joint venture opportunities, please contact Jon Trucano, Senior Vice President, at (561) 275-7702.