Envy Apartment

Community amenities include two resort-style pools, a fitness center, clubhouse and resident lounge, outdoor fire pit with cushioned seating and barbecue grilling stations with entertainment areas, among others." /> Stone Canyon was built in 2000. Community amenities include two resort-style pools, a fitness center, clubhouse and resident lounge, outdoor fire pit with cushioned seating and barbecue grilling stations with entertainment areas, among others. MESA, ARIZ. — The 392- unit Stone Canyon apartments in Mesa has sold to Olen Residential Realty Corp . for $47 million. The community is located at 5210 E. Hampton Ave. Stone Canyon was built in 2000. Community amenities include two resort-style pools, a fitness center, clubhouse and resident lounge, outdoor fire pit with cushioned seating, barbecue grilling stations with entertainment areas, nine- hole putting green , an outdoor water feature , mountain views and gated entrance. Notable employers near the complex inc...

PARKER, CO - Atlanta-headquartered ARA, the largest privately held , full- service investment advisory brokerage firm in the nation focusing exclusively on the multihousing industry, recently brokered the sale of the Windrock and Stone Canyon apartment communities , in Parker, CO. ARA Denver- based principals , Jeff Hawks, Doug Andrews, Terrance Hunt and Shane Ozment, represented the undisclosed institutional seller in the transaction. TM Equities, a Salt Lake City - based real estate investment group , purchased the properties for $82,750,000, which represents a price per unit of $125,379, and a price per square foot of $137.02. Jeff Hawks explained , "This property was built during the 2001-2003 development cycle, which included over 22,000 units delivered during the three year span. To put this into perspective, the entire metro Denver apartment market has not delivered that many units during the last ten years combined . Buyers are focused on properties bui...