The rebranded community traded with the assistance of a LoanCore Capital acquisition financing.
Sunroad Enterprises has acquired Parcland Crossing, a 383-unit Class A property in Chandler, Ariz., for $125 million. CBRE represented the seller, PrivatePortfolio Group. The new owner rebranded the community as The Laurel Apartments.
According to Maricopa County records, LoanCore Capital provided a $105.5 million acquisition loan to facilitate the transaction.