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California Investor Pays $58 Million for Northern Arizona Apartments

The High Price of Single-Family Homes Makes Renting More Attractive in Prescott, Arizona
Construction of Willow Creek, near downtown Prescott, Arizona, was completed last year. (Marcus & Millichap)
Construction of Willow Creek, near downtown Prescott, Arizona, was completed last year. (Marcus & Millichap)
CoStar News
December 3, 2021 | 11:54 P.M.

A multifamily investment firm based in Orange County, California, paid $58 million for a 160-unit apartment complex in the mountainous city of Prescott, Arizona.

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