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Phoenix apartment deal among region’s largest of past year

Multifamily sales grow despite supply-demand challenges facing Sun Belt cities
Investment firm Weidner Apartment Homes acquired the 497-unit Desert Club in Phoenix. (Weidner Apartment Homes).
Investment firm Weidner Apartment Homes acquired the 497-unit Desert Club in Phoenix. (Weidner Apartment Homes).
CoStar News
September 13, 2024 | 6:07 P.M.

An apartment sale topping $187 million is the largest of the past year by total price in Phoenix, even as one of the nation’s most active multifamily regions joins others still struggling with flat rent growth as construction outstrips demand.

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