PHX Oakland 2010 LLC, a shell company for Acacia Capital Corporation, acquired the 186-unit River Ranch Apartments at 6152 W. Oakland Street in Chandler, AZ from US Bank National Association for $12.2 million, or about $65,600 per unit. The 138,550-square-foot complex was constructed in 1986 on 9.7 acres. The property was 96-percent occupied at the time of sale and features 98 one-bedroom and 88 two-bedroom units ranging in size from 500 to 1,025 square feet. Jim Crews, Todd Braun, and Brett Polachek of Cushman & Wakefield represented the seller in this REO sale. Please see CoStar COMPS #2123861 for more information on this transaction.