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Apartment Complex in Phoenix Gets New California Owner

Buyer Acquires 80-Unit Property for More Than $15 Million
The Ivy Off Central Apartments in Phoenix has been acquired by KDF Communities of Newport Beach, California. (CoStar)
The Ivy Off Central Apartments in Phoenix has been acquired by KDF Communities of Newport Beach, California. (CoStar)
By Alexander Maxon
CoStar Research
July 17, 2024 | 8:22 P.M.

The Ivy Off Central Apartments, an 80-unit multifamily property in Phoenix, was sold last month for $15.75 million, or $196,875 per unit, to KDF Communities, a Newport Beach, California-based real estate investment and development company.

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News | Apartment Complex in Phoenix Gets New California Owner