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Mesa Apartment Portfolio Sells for Almost 50% More Than 2021 Price

California Firm Makes Phoenix Area Debut With Purchase of Two-Property Package
Parkside Apartments, a property constructed in the 1950s, has a pool and apartments ranging in size from studio flats to two-bedroom units. (CoStar)
Parkside Apartments, a property constructed in the 1950s, has a pool and apartments ranging in size from studio flats to two-bedroom units. (CoStar)
By Robert Myers
CoStar Research
August 31, 2022 | 6:26 P.M.

RSN Property Group has paid $33 million for a pair of small apartment buildings north of downtown Mesa. The price is about $10.7 million more than the seller, LLG Investment, paid for the properties less than 18 months ago.

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News | Mesa Apartment Portfolio Sells for Almost 50% More Than 2021 Price