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Canyon Creek Apartments Sell for $36M

Phoenix Realty Grp Acquires 288-Unit Multifamily in Riverside
By Rory Hillenga
February 17, 2012 | 5:16 P.M.

New York-based Phoenix Realty Group purchased the Canyon Creek Apartments at 600 Central Ave. in Riverside, CA for $36.4 million, or about $126,000 per unit, from Pacific Urban Residential. The property was 95 percent occupied at the time of sale.

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