As a Phoenix-based title company we are involved in a wide variety of real estate deals that involve varying degrees of complexity. Due to the nature of our business we are often unable to make an official announcement when a deal closes. While we have closed many deals in the last year, there is one we are particularly proud of that closed in April. Now, as a title agency, you might think closing deals is the bread and butter of what we do on a daily basis. You’d be right – but we have reason to be excited about this particular deal.
Trillium Residential LLC entrusted Landmark Title Assurance Agency with the escrow and title insurance on four different multifamily properties throughout the Phoenix area.
The first deal, initiated in January, involved the 292-unit Trillium Cave Creek, which went to T.M. Equities of Salt Lake City for $42.5 million. This was followed by Trillium Papago, a 270-unit property that sold to MG Properties Group of San Diego just one month later for $36.25 million.
North 7th Street Acquisition LP then purchased the remaining two complexes related to these deals – the 360-unit Trillium Deer Valley for $48.7 million, and the 274-unit Trillium North for $42.48 million. The LP is the result of a limited partnership on behalf of Canadian real estate investment and asset management company, Starlight Investments Ltd., in an effort to expand their U.S. real estate portfolio.
The swift and efficient closing involved in these deals speaks to the credibility that Landmark Title strives for when we do business, and we especially value our fulfilling partnership with Trillium Residential. Landmark Title’s President, Vicki Etherton, oversaw all of the respective deals. Etherton has over 30 years’ experience handling complex and high profile commercial and residential real estate transactions in Arizona. No matter how big or small your sale is, trust us – and you’ll end up trusting the best.