MetLife has acquired Grandstone at Sunrise, a 140-unit, built-to-rent apartment complex in Peoria, Arizona, from Thompson Thrift for $45.85 million, or $327,500 per unit.
MetLife acquires Phoenix-area built-to-rent development for $45.85 million
Thompson Thrift sells Grandstone at Sunrise apartments for $327,500 per unit
By Clarice King with
May 15, 2026 | 5:45 P.M.
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IN THIS ARTICLE
- Properties
- Grandstone at Sunrise
24701 Lake Pleasant Pky, Peoria, AZ
- Companies
- MetLife, Inc
Finance and Insurance
- Thompson Thrift
Real Estate
- Contacts
- Steven Gebing
Executive Managing Director Investments, Institutional Property Advisors
- Cliff David
Executive Managing Director Investments, Institutional Property Advisors