775-Unit, Two-Property Multifamily Sale Arranged in Arizona by Steve Gebing and Cliff David of Marcus & Millichap

Little Cottonwoods Apartments
Tempe, AZ

PHOENIX, March 1, 2013 – Marcus & Millichap Real Estate Investment Services Inc. has arranged the sale of a two-property multifamily portfolio in the Phoenix metropolitan area. The terms of the sale were not disclosed.

Steve Gebing

The properties are:

· Country Brook, Chandler, Ariz., 396 units
· Little Cottonwoods, Tempe, Ariz., 379 units

Steve Gebing, a vice president investments and Cliff David, also a vice president investments, both in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the properties on behalf of the seller, a publicly traded real estate investment trust.

Clifford David

The buyer is a company formed by Bascom Arizona Ventures LLC.

Located at 4909 West Joshua Blvd. in Chandler, Country Brook was developed in three phases: 1986, 1993 and 1996.

Ninety percent of apartments’ interiors have been upgraded with new kitchen and bath cabinetry, new countertops, new fixtures and flooring, a new Whirlpool appliance package and painted accent walls.

Little Cottonwoods is located at 1820 East Bell De Mar Drive in Tempe.
For a complete copy of the company's news release, please contact:

Public Relations
(925) 953-1716