Pinnacle Holdings Sells 112-Unit Rancho Las Palmas Apartments in Tempe for $18M ($161K/unit) to Rincon Partners

12/6/2024

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REBusinessOnline

• Subcategory: MF: Market Rate

• Tag: Sale

• Additional Filters-Subcategory: MF: Garden

• Additional Filters-Tags: Sale: Investment, Sale: Single Property

• Company: ABI Multifamily, Avison Young, Rincon Partners

Boca Raton, Fla.-based Pinnacle Holdings has completed the disposition of Rancho Las Palmas Apartments in Tempe to an Arizona-based private investor for $18 million, or $160,714 per unit.

Pinnacle Holdings

John Slavik | President/Owner

[email protected]

949-660-0775

Rincon Partners

Luke Williams | Director, Acquisitions-Southwest

[email protected]

480-576-8314