Bela Flor Communities has sold Bella Encanta, a 212-unit, build-to-rent (BTR) home community in Mesa. A global institutional investor acquired the community for $95.75 million, over $450,000 a unit.
Completed in 2023, Bella Encanta features duplex-style homes that range from two to five bedrooms, between 1,234 and 2,337 square feet. Amenities include a swimming pool area with two spas, poolside cabanas, sundeck and barbecue grotto. The community’s resident clubhouse includes a fitness center with a climbing wall, demonstration kitchen, billiards table, conference room, meeting space and seating areas. Bella Encanta has outdoor amenities, including soccer fields, two pet parks with a wash station, a sand volleyball court, a basketball half-court, two pickleball courts, a children’s playground, walking paths and multiple picnic areas with barbecue grills.
CBRE’s Griffen Tymins, Asher Gunter, Matt Pesch, Sean Cunningham and Austin Groen represented Bela Flor.
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The post Bela Flor Sells Mesa BTR Community for $450K/Unit appeared first on Connect CRE.
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