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Principal FinancialInvestment

Heitman Offloads Camelback Apartments After 12-Year Hold

What happened

Principal Financial Services, Inc. invests into assets: 270-unit Biltmore at Camelback in the amount of $97.3M in Phoenix, Arizona, United States.

Source

Article excerpt

Highlighted: the sentence this signal was extracted from

Heitman offloads Camelback apartments after 12-year hold. Principal Financial acquired the 270-unit Biltmore at Camelback in Phoenix for $97.3 million. Heitman was the seller. Heitman paid $74.75 million ($276,852 per unit) to acquire the four-story complex in 2014. It was built in 2013. The Biltmore at Camelback has units ranging from 628-1,074 square feet renting for between $1,600-$2,600 a month. Balcony and patio options are available. Amenities include a fitness room, pool, spa, cabana, grills, clubhouse and dry cleaning service. Heitman is a global real estate investment management firm with $48 billion in assets under management. Founded in 1966, they have 10 offices worldwide and are active participants in three key segments of the global real estate and capital markets.

apartmentbuildings.com/news/heitman-offloads-camelback-apartments-aft...Read the full source

Extracted by Autobound

From the Signal API record
Event
Investment

What this signalsA large capital project often starts a round of vendor buying.

Amount named
$97.3M
Location
Phoenix, Arizona, United States
Amount as written
$97.3 million

More investment signals at other companies

The full record

From the Signal API record

Numbers

Amount named in the story
$97.3M

Details

Assets
270-unit Biltmore at Camelback
Category
Invests into assets

Extraction

Confidence
49%
Detected
Feb 4, 2026
signal_type
news
signal_subtype
invests_into_assets

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The API returns more than this page shows

This page shows a preview. The full news record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/9df13a0f-b6dd-40c7-8817-9297253d0d61 returns this record as JSON. POST /v1/companies/enrich returns every signal for principal.com.

{
  "signal_id": "9df13a0f-b6dd-40c7-8817-9297253d0d61",
  "signal_type": "news",
  "signal_subtype": "invests_into_assets",
  "detected_at": "2026-02-04T00:00:00+00:00",
  "company": {
    "name": "Principal Financial",
    "domain": "principal.com"
  },
  "data": {
    "url": "https://www.apartmentbuildings.com/news/heitman-offloads-camelback-apartments-after-12-year-hold",
    "title": "Heitman Offloads Camelback Apartments After 12-Year Hold",
    "amount": "$97.3 million",
    "assets": "270-unit Biltmore at Camelback",
    "excerpt": "Heitman offloads Camelback apartments after 12-year hold.\n\nPrincipal Financial acquired the 270-unit Biltmore at Camelback in Phoenix for $97.3 million. Heitman was the seller. Heitman paid $74.75 million ($276,852 per unit) to acquire the four-story complex in 2014. It was built in 2013.\n\nThe Biltmore at Camelback has units ranging from 628-1,074 square feet renting for between $1,600-$2,600 a month. Balcony and patio options are available. Amenities include a fitness room, pool, spa, cabana, grills, clubhouse and dry cleaning service.\n\nHeitman is a global real estate investment management firm with $48 billion in assets under management. Founded in 1966, they have 10 offices worldwide and are active participants in three key segments of the global real estate and capital markets.",
    "summary": "Principal Financial Services, Inc. invests into assets: 270-unit Biltmore at Camelback in the amount of $97.3M in Phoenix, Arizona, United States.",
    "category": "invests_into_assets",
    "found_at": "2026-02-04T00:00:00Z",
    "location": "Phoenix, Arizona, United States",
    "planning": false,
    "image_url": "https://www.apartmentbuildings.com/wp-content/uploads/2026/02/Biltmore-at-Camelback.png",
    "confidence": 0.4927,
    "published_at": "2026-02-04T00:00:00Z",
    "location_data": [
      {
        "city": "Phoenix",
        "state": "Arizona",
        "country": "United States",
        "fuzzy_match": false
      }
    ],
    "article_sentence": "Principal Financial acquired the 270-unit Biltmore at Camelback in Phoenix for $97.3 million.",
    "amount_normalized": 97300000
  }
}

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