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Transaction Total:
$2,377,882,000
Winners:
Tyler Anderson, Sean Cunningham, Asher Gunter and Matt Pesch
Company:
CBRE
Award Highlights:
  • The $117 million sale of the 253-unit The Angela on behalf of Streetlights Residential to Cortland
  • The $98.5 million sale of the 432-unit Arcadia Cove on behalf of JLB Partners LP to Millstein
  • The $98 million sale of the 408-unit 909 West on behalf of MG Properties to JRK Investors

Tyler Anderson and colleagues Sean Cunningham, Asher Gunter and Matt Pesch make up the Phoenix Multifamily Institutional Properties team. Anderson and his team specialize in the sale of Class A multifamily properties in Arizona and throughout the Southwest. The nationally recognized team is one of nine teams comprising CBRE National Multifamily Partners. Anderson and his team draw on deep client relationships, transaction expertise and financial acumen to create exceptional outcomes for investor clients across the country. To date, Anderson and his team have closed nearly 1,000 transactions totaling more than $34 billion and close to 300,000 units. In 2020 alone, the team sold about 9,100 units, capturing 47 percent of the total multifamily market share in metro Phoenix.

Anderson and Cunningham established the team in the late 1990s and has since grown it to a 12-person group, including Gunter and Pesch who are now full partners. They recognized Gunter and Pesch's potential, tenacity and commitment to the multifamily industry early on in their careers and developed a unique 10-year succession plan that will ensure a seamless transition of leadership as the senior members move closer to retirement.

In addition to recruiting Gunter and Pesch, the team has also been effective in attracting and retaining the top talent in the commercial real estate industry by placing a strong emphasis on team morale, fostering each team member's potential with hands-on mentorship, enhancing collaboration and career development.

The team has crafted a well-oiled machine that can produce best-in-class financial underwriting models, research analyses and marketing campaigns to take a property to market within one week from winning an assignment. Their speed-to-market creates a competitive advantage that can influence a client's decision-making process and position this team for future awards. Speed to market, attaching debt services to a transaction through collaboration with CBRE Debt & Structured Finance, and the ability to close a transaction quickly are also crucial components that influence the overall success of the sales process for the client and the company.

Anderson and his team's market-leading capabilities were responsible for winning and closing six of the 10 largest multifamily transactions in metro Phoenix in 2020.

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About the Author

Lisa Brown has more than 30 years of experience in corporate communications and marketing management with organizations including Grubb & Ellis, Marcus & Millichap and NAIOP.
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