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Pacific Reach Sells Phoenix Apartments for Three Times What It Paid Seven Years Ago

Local Investor Pays $32.3 Million for City 15 Complex to Vancouver-Based Pacific Reach
City 15 last sold for $10.9 million seven years ago. (CoStar)
City 15 last sold for $10.9 million seven years ago. (CoStar)

Here's how apartment demand in Phoenix is surging: Real estate firm Rise48 Equity bought the City 15 apartments complex in midtown Phoenix for almost three times what it paid seven years ago.

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News | Pacific Reach Sells Phoenix Apartments for Three Times What It Paid Seven Years Ago