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Los Angeles Investor Purchases West Phoenix Apartments for $13.4 Million

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Desert Wind Community Provides Opportunities for Continued Modernization Phoenix, Arizona –  A Los Angeles-based investor has purchased the Desert Wind apartment community In West Phoenix for $13.4 million ($62,037 per unit). The property, located at 4140-4141 W. McDowell Rd., has been partially modernized and provides opportunity for further updating. “The West Phoenix multifamily market continues […]

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Solano Village Apartments in Glendale Sell for $24 Million

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Oregon Investor Acquires Glendale Community Phoenix, Arizona – The Solano Village Apartments at 5220 W. Northern Ave. in Glendale, AZ has been sold to an Oregon private equity firm for $24 million ($92,308 per unit). “This investment offered an opportunity to acquire a well-located community with outstanding opportunity for capital improvements and income appreciation,” says

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Dunlap Falls Apartments in Phoenix Sell for $22.6 Million

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Purchase is First Arizona Acquisition for California Investors Phoenix, Arizona – Dunlap Falls apartments at 3333 W. Dunlap Ave. have been sold for $22.6 million ($78,472 per unit).  The community was purchased by two California-based partnerships as their first acquisition in the Arizona market. “This offered a great purchase opportunity because significant capital improvements were

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