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Phoenix-area townhouse complex sells for $13.39 million

Joint venture acquires 36-unit Mesa property below replacement cost
The Sonoran Townhomes complex is a 2024-built multifamily property in Mesa, Arizona, that sold as part of a distressed capital stack transaction. (CoStar)
The Sonoran Townhomes complex is a 2024-built multifamily property in Mesa, Arizona, that sold as part of a distressed capital stack transaction. (CoStar)
By Clarice King with
CoStar Research
April 1, 2026 | 6:00 P.M.

A joint venture including Canopy Real Estate Partners and TBBG Investments has acquired The Sonoran Townhomes, a 36-unit multifamily complex in Mesa, Arizona, from a private investor for $13.39 million, or $371,944 per unit.

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News | Phoenix-area townhouse complex sells for $13.39 million