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AZ Investors Pay $30.1M for Villa Encanto Apartments

Equity Residential Sells 385 Units in Maricopa County
By Shane Beyer
October 24, 2011 | 12:30 P.M.

Equity Residential, an Illinois-based REIT, sold the 385-unit Villa Encanto Apartments in Phoenix, AZ to El Dorado Holdings for $30.1 million, or approximately $78,000 per unit.

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