Newmark closes first recapitalizations of 2-state multifamily portfolio

8January 2021

Newmark announced the recapitalization of two Avanti Residential (Avanti) multifamily properties located in Glendale and Mesa, Arizona – The Pavilions at Arrowhead and Springs at Alta Mesa. Milestone Real Estate Investors V, LP, an affiliate of The Milestone Group, will partner with Avanti on The Pavilions at Arrowhead and Springs at Alta Mesa. The transactions represent the first segment of a recapitalization strategy comprising 18 properties and 3,700-units in Phoenix, Colorado Springs and Denver. The!

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