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California Investor Picks Up Two Phoenix-Area Apartments for $78.5 Million

Tower 16 Buys 232-Unit Banyantree, 276-unit Solano Pointe in Separate Transactions
The 276-unit Solano Pointe was one of two Phoenix-area apartments Tower 16 Capital Partners recently purchased. (CoStar)
The 276-unit Solano Pointe was one of two Phoenix-area apartments Tower 16 Capital Partners recently purchased. (CoStar)
By Thomas Ferguson
CoStar Research
September 10, 2021 | 7:18 P.M.

Tower 16 Capital Partners has bolstered its Phoenix multifamily portfolio by purchasing two apartment complexes in separate transactions totaling $78.5 million.

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