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Investors Double Down on Apartments With Latest High-Dollar Purchases in Tempe, Arizona

Out-of-State Buyers Keep Snapping Up Complexes as Competition Drives up Tempe Multifamily Prices
Asking rents average $2,000 a month at The Hudson on Farmer, which opened last year in Tempe. (CoStar)
Asking rents average $2,000 a month at The Hudson on Farmer, which opened last year in Tempe. (CoStar)

Two more apartment complexes traded this week in Tempe, Arizona, the latest of roughly two dozen multifamily properties purchased mainly by out-of-state investors this year in the Phoenix suburb.

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News | Investors Double Down on Apartments With Latest High-Dollar Purchases in Tempe, Arizona