Shanbagam Properties II LLC purchased the Silver Tree Apartments located at 4336 North 35th Ave. in Phoenix. The 59,152-square-foot, 98-unit property sold for $3.41 million, just less than $34,796 per unit, at an 8.41% cap rate. The seven-building complex consists of 16 studios, 42 one-bedroom/one-bath, and 40 two-bedroom/two-bath units. The community features pitched roofs and individually metered units, as well as a laundry facility, covered parking, pool, and jacuzzi. Julie Vaughn of Sperry Van Ness represented both the buyer and the seller, Silver Tree/35th Avenue LLC.