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KKR Completes Sale of Four-Property Multifamily Portfolio in Greater Phoenix

Apartment Complex in Tempe Trades to Private Investor for $69 Million
A private investor bought Ponderosa Ranch in Tempe, Arizona, built in 1983. (CoStar)
A private investor bought Ponderosa Ranch in Tempe, Arizona, built in 1983. (CoStar)
CoStar News
September 27, 2022 | 12:51 AM

Private equity giant KKR & Co. sold a multifamily property in Tempe near Phoenix to an investor based in Arizona for $68.5 million, or just under $252,000 per unit.

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