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CBRE negotiated the sale of Bella Encanta, a 212-unit, luxury, build-to-rent (BTR) home community located in Mesa, Ariz. CBRE's Griffen Tymins, Asher Gunter, Matt Pesch, Sean Cunningham, and Austin Groen represented the seller, Bela Flor Communities. A global institutional investor acquired the community for $95.75 million.

“Bela Flor’s signature BTR communities provide a unique luxury lifestyle appeal and have been very well received,” said CBRE’s Tymins, an associate at CBRE who focuses on BTR communities in the Western . “Bella Encanta is the finest BTR product in Mesa, and the community’s design, large two-, three-, four- and five-bedroom homes, and advantageous location attracted remarkable investor demand.”