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Knightvest Capital Pays $62.5 Million for Apartments in South Tempe, Arizona

Selling Price for 300-Unit Signature Place Increases 56% From Four Years Ago
Signature Place in Tempe, Arizona, sold for more than $207,600 per unit. (CoStar)
Signature Place in Tempe, Arizona, sold for more than $207,600 per unit. (CoStar)
CoStar News
August 5, 2020 | 7:55 P.M.

Multifamily investor Knightvest Capital bought Signature Place apartment complex in south Tempe, Arizona, for $62.5 million, underscoring the continued strong investor demand for multifamily rental housing in greater Phoenix during the coronavirus pandemic.

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