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Canopy Real Estate Partners, a private equity firm launched by real estate veteran Jay Rollins, has acquired ParkView Townhomes in Surprise, Arizona for $8.8 million. The transaction marks the first Arizona investment for the Denver-based firm that has recently expanded to the Valley, specializing in partnering with emerging real estate talent in the middle market.

The newly constructed 27-unit townhome property, located at 16601 N Parkview Place, consists of two-story, three-bedroom townhomes with two-car garages, averaging 1,420 square feet per unit. The property includes a dedicated pool, pet area, and private garage entrances.