Vestis Group Brokers Sale Of Mountain View Acres Apartments In Phoenix

FOR IMMEDIATE RELEASE – February 8, 2013

Vestis Group Brokers Sale Of Mountain View Acres Apartments In Phoenix

(Phoenix – February 8, 2013) – Vestis Group is pleased to announce the completed sale of Mountain View Acres Apartments, a 20-unit multifamily property, located at 1346 E. Mountain View Road in Phoenix, Arizona, for $650,000 / $32,500 per unit.

Woodridge Manor Holdings, Inc. of Tempe, Arizona sold the Mountain View Manor Apartments in Phoenix to Partis Mountain, LLLP of Vancouver, BC Canada for $650,000. Natan Jacobs, Les Litwin and Victoria Miachika of Vestis Group represented the Buyer in negotiating the sale of this Phoenix apartment complex. The new owner plans to upgrade the unit interiors and refresh the buildings’ exterior and amenities.

Mountain View Acres Apartments, a 20 unit, garden-style multifamily community located in north central Phoenix.

Mountain View Acres Apartments is a 20-unit, garden-style apartment community located in a strong rental area of north central Phoenix. Built in 1984, Mountain View Acres has a pitched, composition shingle roof and frame construction, two-level buildings. The unit mix is comprised of all two-bedroom / one-bath units of approximately 800 square feet. All units have spacious kitchens, mini blinds, ceiling fans, large closets and are individually metered for electric. Common area amenities include a swimming pool, abundant parking, on-site laundry and play area.

Mountain View Acres is located in north central Phoenix, along E Mountain View Road, within walking distance to the Phoenix Mountains and various hiking and walking trails. The property is located in a quiet residential neighborhood 1.5 miles north of Northern Avenue, along Mountain View Road allowing easy access to the SR-51 Freeway, 7^th Street, Cave Creek Road, the Biltmore area, the Camelback Corridor, Downtown Phoenix, Sky Harbor International Airport, the valley freeway system and numerous employers.

About Vestis Group:

Vestis Group is a leading multifamily investment sales and advisory services firm with a proven track-record of providing value added brokerage services coupled with innovative and ongoing real estate investment strategies. Our mission is to ensure that owners and investors receive the most efficient research, marketing, real estate consultation and transaction services available. We pride ourselves on our ability to deliver added value to our clients by building uncompromising and long-lasting relationships with our partners.

Vestis Group serves multi-family owners and investors with a full suite of commercial real estate services, including Buyer Representation, Project Marketing & Sales, Asset Management, Condominium Association Management, Project & Development Services, Research and Consulting.

For more information, please visit: www.Vestis-Group.com.