Build-to-rent developer NexMetro Communities is opening Avilla Bella Camino, a new 229-home luxury rental community on 22 acres in San Tan Valley. The community is currently pre-leasing and will open to the public later this quarter.
Located near the intersection of Gantzel Road and Bella Vista Road, the gated community features a collection of single-level, mostly detached homes with one-, two-, and three-bedroom floor plans ranging from approximately 690 to 1,265 square feet. Avilla homes feature front porches and private backyards, high 10-foot ceilings, stainless steel appliances, full-size washer and dryer, Smart Home Technology, and wood-plank-style flooring.
Community amenities include a pool, dog park, pet wash, tot lot, available EV-friendly garages, and landscaped open spaces designed to support both recreation and connection. The neighborhood also offers covered parking, a 24/7 maintenance team, and no breed or size restrictions for pets.
Avilla Bella Camino is part of NexMetro’s growing portfolio of more than 60 communities completed or underway across the Sunbelt.
Ariel Property Advisors closed the $21-million sale of a development site at 566 Grand Ave. and 836 Dean St. in Prospect Heights, Brooklyn. The corner development site comprises approximately 86,065 buildable square feet and traded for approximately $244 per buildable square foot. The transaction was arranged by Ariel partner Sean R. Kelly along with associate...
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Marcus & Millichap arranged the sale of Knott-Orange Apartments, a 35-unit multifamily property located at 515 S. Knott Ave. in Anaheim. The property sold for $9.65 million, or $275,714 per unit. “This transaction marked the fourth closing from a larger Anaheim-area multifamily portfolio as the seller continues to reposition its holdings through a 1031 exchange...
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JLL Capital Markets arranged $135 million in construction financing and joint venture equity for the development of The Ibex at Ridge Hill, a 282-unit luxury multifamily community at the Ridge Hill mixed-use lifestyle center in Yonkers. Senior managing directors Evan Pariser and Aaron Niedermayer and director John Lowe arranged the senior construction loan with Bank...
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