Stockdale Capital drops $110M on Valley apartments in largest deal of 2026

Article originally posted on Phoenix Business Journal on January 27, 2026

Los Angeles-based Stockdale Capital Partners plopped down $110.25 million for its second multifamily acquisition in metro Phoenix.

The Jan. 22 acquisition of Avant at Fashion Center in Chandler represents the largest multifamily transaction sale by total price in metro Phoenix so far this year, according to CoStar Group/Homes.com and Northmarq research analysts.

The 335-unit property was 94% occupied when the transaction closed. IPA’s Steve Gebing and Cliff David marketed the property for sale on behalf of the seller.

The $110.25 million purchase price seems to be a magic number for Stockdale, which previously paid $110.25 million for The Quincy at Kierland in October 2024.

While Stockdale made its multifamily debut with The Quincy, the real estate investment firm already owns several other types of assets in the metro, including Illume Innovation Center, Scottsdale Galleria and a portfolio of Banner Health medical office buildings.

An estimated $4.5 billion worth of Phoenix multifamily assets traded hands in 2025, a 15% increase compared to 2024, according to CoStar Group/Homes.com.

“This marks the second consecutive year with rising sales volume and could signal a trend toward a more active investment market in 2026,” said Connor Devereux, director of market analytics for CoStar Group/Homes.com. “Nevertheless, Phoenix multifamily sales volume remains about 20% below the annual average from 2015 to 2019, indicating there’s still some room to go before returning to ‘normal’ levels.”

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