Client and multi-family investment firm Davlyn Investments significantly expanded its real estate holdings with the $114.4 million purchase of a 290-unit, Class A, luxury multi-family community, constructed in 2005, located in Chandler, Arizona. This second Arizona purchase follows Davlyn’s recent $95 million acquisition of Ascent at the Galleria in Roseville, CA.

“Trevi represented an opportunity to acquire a truly unique, recent vintage multifamily asset, located in a growing submarket with excellent economic fundamentals,” said Aaron Pacillio, Chief Investment Officer of Davlyn Investments. “In addition to its Italian architecture, Trevi offers multiple, desirable attributes including nine to twelve-foot ceilings, central heating and air conditioning, full-size in-unit washer and dryer, walk-in closets, two resort-style pools, state-of-the-art fitness center, and 118 garages with two-car tandem spaces, and a top-notch amenity package.”

Procopio’s Dennis Doucette led the transaction, with Amy Cannon assisting on the real estate purchase and Caitlin Murphey and Rachel Edwards working on entity formation and offering.

Learn more in this AZ Big Media article.