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Excitation Capital Completes US$42 Million Acquisition of Sanctuary on Broadway Apartments, Tempe, AZ

Maxis Law represented Excitation Capital with a team that included Michael Varabioff

On January 25, 2021, Excitation Capital Partners Corp. (“Excitation”) completed the US$42.5 million acquisition of the Sanctuary on Broadway Apartments located in Tempe, Arizona.  The acquisition was financed through a US$12 million limited partnership offering in Canada and a US$30.5 million secured loan from Barings Multifamily Capital LLC.  Maxis acted as Canadian counsel to Excitation and was responsible for overall structuring, all Canadian legal matters and coordinating US counsel.