If you need assistance, please call 480-365-8346

Real estate investment joint venture acquires Vistancia master-planned community in Peoria

Monday, June 7, 2021   /   by Juan Grimaldo

Real estate investment joint venture acquires Vistancia master-planned community in Peoria

Two giant real estate investment firms are partnering to buy the balance of Vistancia, a 7,100-acre master-planned community in Peoria.

Newport Beach, California-based IHP Capital Partners teamed up with Minneapolis-based Varde Partners to acquire the remaining 3,721 acres of land for development within Vistancia, which includes all 3,300 entitled residential dwelling units within the Northpointe at Vistancia community and 370 acres of commercial mixed-use development.

While this is IHP Capital Partners' first land acquisition in Arizona, Varde Partners has other investments here, said Richard Whiteley, co-president and COO at IHP Capital Partners.

To continue reading, click here.

By Angela Gonzales, Senior Reporter - Phoenix Business Journal

Keller Williams Realty Elite- The Grimaldo Group
Juan Grimaldo
2403 N Pebble Creek Pkwy #101
Goodyear, AZ 85395
480-365-8346

© 2021 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than Juan Grimaldo - Keller Williams Realty Professional Partners - The Grimaldo Group (WINBACK) are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. September 16, 2021
This site powered by CINC: www.cincpro.com