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Los Angeles Investment Firm Acquires Apartments in Tempe, Arizona

Phoenix Suburb Draws Strong Interest From Multifamily Buyers
Broadstone Rio Salado opened to renters last year. (Decron Properties)
Broadstone Rio Salado opened to renters last year. (Decron Properties)

A private multifamily investment firm paid $96.1 million for a 278-unit apartment asset in Tempe, Arizona, near Phoenix.

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