There is no short cut to achievement. Life requires thorough preparation – veneer isn’t worth anything.

George Washington Carver


Peoria/Glendale – A company formed by Goldman Sachs Group Inc. in New York City, N.Y. (NYSE:GS) paid $64.95 million (average of $90,208 per unit) to buy 720 apartment units in three Valley properties. The sellers in three separate transactions were companies formed by Camden Property Trust in Houston, Tex. (NYSE:CPT). The deal was negotiated through Tyler AndersonSean CunninghamAsher Gunter and Matt Pesch of CBRE in Phoenix. Goldman Sachs is a Wall Street-based global investment banking, securities and investment management firm with $183 billion in assets. Including the Camden portfolio deal, Goldman Sachs now has an interest in 9 Valley apartment projects accounting for 2,295 units. Records show ERGS III Arrowhead Owner LLC(Goldman Sachs company) acquired the three apartment communities from Camden with $48.249 million in financing provided by J.P. Morgan Chase Bank. Here are the details of the acquisitions: Camden Sierra, 288 units at 17374 N. 89th Avenue in Peoria, $25.585 million ($88,837 per unit). The seller was CPT Sierra LP (Camden limited partnership); Camden Fountain Palms, 192 units located at 8820 W. Bell Road in Peoria, $17.565+ million ($91,486 per unit). The seller was CPT Fountain Palms LP; andCamden Towne Center, 240 apartments located at 17600 N. 79th Avenue in Glendale, $21.8 million ($90,208 per unit). The seller was CPT Towne Center LP. Camden Property Trust, a publicly-traded real estate investment trust (REIT), built Camden Sierra in 1997 and Camden Towne Center in 1998. In June 1998, BREW reported Camden paying $11.35 million ($59,114 per unit) to acquire Camden Fountain Palms (at that time called The Aragon). That complex was developed in phases in 1986 and 1996. With the sale of the three properties to Goldman Sachs, Camden still owns four apartment projects in the Phoenix area and three multi-family sites in the Valley that are planned for another 834 units. In September, BREW reported Camden paying $34 million ($200,000 per unit) to buy the 170-unit Sotelo apartments at 615 E. Weber Drive in Tempe. The contact at Goldman Sachs is Katie Bloom . . . call her at (972) 368-2682.

Read More




a little about me and my expertise – video






Facts of Arizona – year 1848 to 2013



Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Investment Properties in Phoenix.



View my listings and my profile at:


What is a CCIM?



Please go to my web-site and get all the newsflashes and updates in Commercial Investment Real Estate in Phoenix and Commercial Investment Properties in Phoenix daily


Follow me on Facebook:

Follow me on Twitter:

Follow Me on Linkedin:

Follow Me on Google+


Walter Unger CCIM, CCSS, CCLS

I am a successful Commercial Investment Real Estate Broker in Arizona now for 15 years and I worked with banks and their commercial REO properties for 3 years. I am also a commercial landspecialist in Phoenix and a Landspecialist in Arizona.





we are at on the a rise of the cycle in Commercial Real Estate.  so there is only one way and it’s called we are going up and now is the time for you to expand, upgrade or invest in Commercial Properties in Phoenix.  The prices on deals I may get you will not be around forever.



  We barely could give land away the last few years, but times are changing.  Even in those meager years, I sold more land across the state than most other brokers. Before the real estate crash I was a land specialist in Arizona with millions of dollars of transactions, but then I had to change and also sell other commercial investment properties, which was fun, but I am a Commercial Landspecialist in Arizonal, a Commercial Land Specialist in Phoenix and love to sell land, one acre to thousands of acres.


If you have any questions about Commercial Investment Properties in Phoenix or Commercial Investment Properties in Arizona,  I will gladly sit down with you and share my expertise and my professional opinion in Commercial Properties in Phoenix or Commercial Properties in Arizona with you.Obviously I am also in this to make money, but it could be a win-win situation for all of us. 


Please reply by e-mail or call me 520-975-5207 (cell)  602-778-5110 (office direct).




Thank You



Walter Unger CCIM

Associate Broker

Kasten Long Commercial

2821 E. Camelback Road, Suite 600

Phoenix, AZ 85016

Cell:      520-975-5207

Direct:   602-759-1202

Office :  602-445-4141

Fax:      602-445-4188


Delivering the New Standard of Excellence in Commercial Real Estate



  • Commercial Real Estate Scottsdale
  • Commercial Real Estate Phoenix
  • Commercial Real Estate Arizona
  • Commercial Investment Properties Phoenix
  • Commercial Investment Properties Scottsdale
  • Commercial Investment Properties Arizona
  • Land Specialist Arizona
  • Arizona Land Specialist
  • Land Specialist Phoenix
  • Phoenix Land Specialist
  • Land For Sale Phoenix
  • Land for sale Arizona
  • Commercial Properties For Sale Phoenix
  • Commercial Real Estate Sales Phoenix
  • Commercial Properties Phoenix
  • Commercial Properties Arizona
  • Commercial Land Specialist Phoenix
  • Commercial Land Phoenix
  • Multifamily land Phoenix
  • Retail Land Phoenix
  • Industrial Land Phoenix
  • Land Commercial Phoenix
  • Land Retail Phoenix
  • Land Industrial Phoenix
  • Land Multifamily Phoenix
  • Industrial Land for sale Phoenix
  • Land Industrial
  • P
  • Investment Real Estate




Disclaimer of Liability

The information in this blog-newsletter is for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided “as is,” with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.