The Souferian Group Expands Portfolio With Acquisition and Renovation Plan of 224-Unit Alantra Apartment Community in Arizona

MESA, AZ – The Souferian Group, a Los Angeles-based real estate investment and development firm, founded and led by Behzad Souferian, recognized for developing innovative, value driven experiential projects, announced the acquisition and reimagination plans of a 244-unit residential project in Mesa, Arizona. Currently known as Alantra Apartments, the multi-million-dollar upgrade plans include rebranding the project to ‘Be Mesa by The Souferian Group,’ a best-in-class holistic rental community committed to wellness and fun in equal measure.
Focused on enhancing the tenant experience in rental communities, Be Mesa value will be derived by the sum of its parts; wellness-centric approach, cutting edge design, thoughtful amenities, attentive services and Be Benefits program.
“Adding to our successful track record with our most recent property ‘Be DTLA by The Souferian Group’, one of the largest apartment communities in Los Angeles, I’m thrilled to bring our innovative brand to Arizona as part of our larger national growth expansion,” said Behzad Souferian, Founder & CEO of The Souferian Group. “Be Mesa will offer local residents a unique, value driven apartment community unlike anything else in the market.”
Interior and exterior upgrades will start this Summer and include updating the facade into more of a Santa Barbara-inspired Spanish aesthetic and integrating a host of on property amenities and programming related to wellness and common spaces that encourage fun and socialization. Be Mesa will offer one- and two-bedroom apartments ranging from 750 to over 1,000 square feet starting at $1,300, as well as a comprehensive Be BENEFITS tenant program that will provide residents insider access and elite perks from a variety of businesses.
“Arizona is a fantastic market, and our goal is to deliver a community that enhances the areas rich history as we continue our expansion plans,” said Souferian. “The Be Brand delivers the next generation of apartment communities with demand for healthy, resilient apartment living where the focus is on making inspiring spaces and functional environments for residents to Be Well and Be Valued.”
Be Mesa is located at 510 South Extension Rd. within close proximity to Banner Desert Medical Center, one of the area’s largest hospitals and adjacent to Tempe, Gilbert and Chandler. Further, the property is well positioned to meet the needs of the area’s major employers like Mesa Public Schools.

Powered by WPeMatico

Beztak Properties Announces Opening of New 192-Unit Town Court Luxury Apartment Community in West Bloomfield, Michigan

FARMINGTON HILLS, MI – Beztak Properties announced that Town Court, the latest community in the company’s luxury multifamily apartment portfolio, has opened in West Bloomfield and is ready for go-ins. The community was developed in partnership with Grand/Sakwa Properties and designed to be Leed Certified.
Located on Orchard Lake Road, north of Fourteen Mile Road, Town Court is the first new apartment project in West Bloomfield to be built in the upcoming Downtown District, which was specifically and thoughtfully developed to encourage higher density and walkability in the area.
“We are thrilled to be joining the West Bloomfield community with the opening of Town Court,” said Sam Beznos, CEO of Beztak. “West Bloomfield offers a distinct form of living, and is recognized for its cultural diversity, along with its makeup of entertainment, business, and diversions for any interest. We developed Town Court with walking proximity to casual and fine dining, shopping, and grocers in mind; along with simple access to hiking and biking trails, art galleries, golfing, and West Bloomfield “hotspots”, to encourage our residents to seek out all that West Bloomfield has to offer, and really live a better life by design.”
Town Court’s 192 residences feature one-, two-, and three- bedroom floor plans with a dynamic, contemporary metropolitan design. The apartments offer unique views of the West Bloomfield wetlands, expansive windows, gourmet kitchens with custom cabinetry, stainless steel appliances, granite countertops, plank flooring, in-home washer and dryers, and smart home technology, which allows residents the ability to control their door locks, thermostat and lighting virtually. The professionally managed community includes under-building garage parking, elevators, a state-of the art- clubhouse, a private club-caliber fitness center, a library lounge with wifi, rooftop swimming pool, gourmet coffee bar, and 24-hour refrigerated parcel lockers, among many other amenities.

Powered by WPeMatico

Trinity Housing Development and Catholic Charities to Build 297 New Affordable Housing Apartment Units in Central Phoenix Market

PHOENIX, AZ – Trinity Housing Development announced the closing of Mesquite Terrace located in central Phoenix, Arizona. This closing between Trinity Housing Development and Catholic Charities Community Services (“CCCS”), introduces Mesquite Terrace, a new multifamily housing development. This $48,000,000 Multifamily Housing Revenue Bond and 4% LIHTC transaction is the first development in Phoenix for the Springfield, Missouri based developer. CCCS and its real estate development subsidiary, Housing for Hope, Inc, are based in Phoenix.
Once completed, Mesquite Terrace will consist of 297 affordable apartments for households with incomes at or below 60% of the Area Median Income. One, two, and three-bedroom units are strategically located in two 5-tale and one 4-tale buildings located near the Northeast intersection of Camelback Road and 19th Avenue.
An interior courtyard is designed as the focal point of resident outdoor activities, complete with shaded gathering areas, picnic tables and BBQ, a sport court and children’s play area. Indoor activity areas include a club house/community room, fitness room, classrooms, a food pantry, teen activity room and bicycle storage. Most of the on-site parking is covered.
The Valley Metro Rail System and Valley Metro Bus Routes are within walking distance providing residents with simple access to public transportation around the city and surrounding communities.
Pre-leasing of building 1 will start summer 2022 with a projected go in date of early fall 2022.
Trinity Housing Development and Housing for Hope/Catholic Charities are excited about this new venture and anticipate developing more housing communities in the future. For additional news and information about this project, please see the websites for Phoenix IDA and Lument.

Powered by WPeMatico