PHOENIX – June 29, 2018 – Berkadia today announced the $22.25 million sale of Zazu Pannee Park Regent, a multifamily garden-style property in Phoenix. Senior Managing Directors Mark Forrester and Ric Holway and Senior Director Dan Cheyne led the sale on behalf of the seller, Arizona-based Oppenheimer Partners Properties LLP. The buyer was Canada-based Emma Capital, and the deal closed May 22.

Located at 1502 E. Osborn Road, the 176-unit property offers studio, one- and two-bedroom units with air conditioning, balconies and garbage disposals. Community amenities include a pool, a fitness center and covered parking. Residents are located less than a mile from the Phoenix Country Club and less than three miles from the Midtown neighborhood, St. Josephs Medical Center, Park Central Mall and the Arizona Children’s Hospital. Zazu Pannee Park Regent offers easy access to Interstate Routes 10 and 17.