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CBRE negotiated the sale of Finisterra, a 356-unit multifamily community located in Tempe, Ariz. CBRE's Asher Gunter, Matt Pesch, Austin Groen and Sean Cunningham represented the seller. Beverly Hills-headquartered Kennedy Wilson acquired the community. Troy Tegeler of CBRE Debt & Structured Finance arranged financing.

“South Tempe is a dynamic submarket with excellent demand drivers and strong underlying multifamily fundamentals,” said CBRE’s Groen. “Finisterra is located within walking distance of more than one million square feet of retail, including Costco, and the Downtown Tempe employment hub is a 15-minute drive from the community, making South Tempe a very desirable area to live.”