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Multifamily Investor Pays $73 Million for Rental Townhouse Complex Near Phoenix

Project in Peoria, Arizona, Trades for Nearly $444,000 Per Unit
Stadium Vue on Pasadise Lane in Peoria, Arizona, was built in 2006. (WhiteHaven Capital Partners)
Stadium Vue on Pasadise Lane in Peoria, Arizona, was built in 2006. (WhiteHaven Capital Partners)
CoStar News
February 23, 2022 | 1:09 AM

A 163-unit townhouse project in Peoria, Arizona, traded for just under $73 million, 70% higher than the property's prior selling price about a year ago, as busy multifamily sales activity in greater Phoenix spills into 2022.

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