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Apartment Investor Buy Two Properties Near Arizona State University For $31 Million

California Investment Firm Sells Projects For Nearly 50% More Than It Paid in 2018
Sakara Villas is one of two apartment properties bought by Capital Allocation Partners of Tempe, Arizona. (CoStar)
Sakara Villas is one of two apartment properties bought by Capital Allocation Partners of Tempe, Arizona. (CoStar)
CoStar News
June 16, 2021 | 9:29 P.M.

A multifamily investor paid almost $31 million for two apartment properties in Tempe, Arizona, in the latest example of keen demand for rental units near Arizona State University, one of the nation's largest colleges by enrollment.

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