Represented Benedict Canyon Equities, Inc. in connection with its acquisition of a 428-unit apartment community known as Avante Apartments, located in Phoenix, Arizona. The property was purchased from a subsidiary of Heers Management Company, LLC for $51,500,000. Equity was provided by The Capital Foresight Limited Partnership, which was represented by Jones, Ackerman and Corman LLP, through a tenant-in-common structure due to Capital Foresight’s need to complete a 1031 exchange. Financing in the aggregate amount of $40,000,000 was provided by KeyBank National Association. The Seller was represented by Warner Angle Hallam Jackson & Formanek PLC. Lender was represented by Snell & Wilmer LLP.