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High-Dollar Phoenix Apartment Sales Spill Into New Year

Valley of the Sun Rents Are Expected To Keep Rising in 2022
The Stillwater apartments in Glendale, Arizona, were built in 1986. (CoStar)
The Stillwater apartments in Glendale, Arizona, were built in 1986. (CoStar)
CoStar News
January 7, 2022 | 2:19 AM

An apartment complex in Phoenix’s Glendale suburb just sold for $112 million, a sign that record levels of multifamily investment by out-of-state buyers is spilling into the new year.

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