Sunroad Enterprises Closes $125M Phoenix Buy – Multifamily Real Estate News

The Laurel Apartments. Image courtesy of CBRE

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.

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