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Jevan Capital has sold Thom Slate on Thomas, a 130-unit community in Phoenix, for $16.5 million. ABI Multifamily facilitated the transaction. The property last traded in 2019, when the current seller acquired it for $10.4 million from Caliber Cos., according to Yardi Matrix data.

Located at 1350 E. Thomas Road, the property is within 3.5 miles of downtown Phoenix and Uptown Plaza, as well as under 1 mile from the Phoenix Country Club and the Children’s Hospital. The community is not far from State Route 51, as well as interstates 10 and 17. Phoenix Sky Harbor International Airport is within 5 miles.