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Price Spikes in Sale of Aging Greater Phoenix Apartment Complex

California Investors Trade Complex Built in 1980s for Almost $300,000 per Unit
The Parker, an apartment complex in Glendale, Arizona, was built in 1984. (CoStar)
The Parker, an apartment complex in Glendale, Arizona, was built in 1984. (CoStar)
CoStar News
May 16, 2022 | 11:10 P.M.

A Los Angeles multifamily investor paid $45 million for the Parker apartments, a 152-unit complex in Glendale, Arizona, more than doubling the property’s price in less than three years.

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