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Investor Enters Phoenix With Deal for Value-Add Apartment Complex That Sold Last Year

ZMR Capital Plans a Significant Renovation of Property
The pool at District Flats Off Dobson, an apartment complex in Phoenix. (CoStar)
The pool at District Flats Off Dobson, an apartment complex in Phoenix. (CoStar)

Investor ZMR Capital has purchased an aging apartment property that could use a renovation for roughly 40% more than it sold for only last year as the company's first acquisition in the booming greater Phoenix multifamily market.

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