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Joint Venture Pays $77 Million for Tempe Apartment Complex

Solara at Mill Avenue Marks Joint Venture's Second Tempe Investment in Three Months
Solara at Mill Avenue was built in 1970. (Courtesy of FCP)
Solara at Mill Avenue was built in 1970. (Courtesy of FCP)
By Thomas Ferguson
CoStar Research
September 28, 2020 | 5:53 P.M.

FCP and Tides Equities has purchased Solara at Mill Avenue, a 515-unit apartment complex in Tempe, Arizona, for $77 million, or about $150,000 per unit.

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