Regent Properties acquires three Roosevelt Row apartment complexes; plus 5 more deals to know

Article originally posted on Phoenix Business Journal on June 9, 2025

iLuminate Apartments

Regent Properties acquired three multifamily properties in the Roosevelt Row area near downtown Phoenix for a total of $90 million.

CBRE’s Jess Weber, Andrew Behrens, Stephen Baird and Ryan Jameson represented the buyer, while CBRE’s Asher Gunter, Matt Pesch and Austin Groen represented the seller, Baron Properties.

Linear apartments, a five-story, 104-unit apartment complex built in 2015 at 295 E. Roosevelt St., sold for $28.8 million. The 111-unit iLuminate Apartments, just across the street at 290 E. Roosevelt St., sold for $30.6 million.

The last complex is the McKinley, a five-story, 108-unit apartment building built in 2019. It is several blocks southwest of the other two properties at 280 W. McKinley St., and sold for $30.6 million.

Find Complete Article Here: https://www.bizjournals.com/phoenix/news/2025/06/05/regent-properties-roosevelt-row-apartments-deals.html

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