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Phoenix Multifamily sells for $17M

California Investors Pay Cash for 216-unit Apartment Complex
By Shane Beyer
March 9, 2011 | 1:08 P.M.

1155 Grove Parkway LLC, a California-based company formed by M.F. Daily Corp, acquired the Elliot Point Apartments located at 1155 W. Grove Pkwy. in AZ from Hawthorne VI Limited Partnership for $17 million, or about $78,700 per unit.

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