TAM invested with Appian Capital in Tempe, which closed on its Papago Park project in September 2021

We are excited to report that Appian Capital and Alliance Residential have closed on the sale of a 300-unit Class A luxury multifamily community Broadstone Grand to Decron Properties for $106.5 million.

TAM was an investor with Appian, a real estate private equity firm that partnered with developer Alliance Residential on the project. Appian exceeded estimates in the midst of a global pandemic.

This is the second round trip for TAM investors with Appian Capital and we continue to be encouraged by the results.

Read more here CBRE sells Broadstone Grand apartments in Tempe for $106.5M - AZ Big Media