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California Firm Pays $63 Million for North Phoenix Apartments

Complex Built in 1973 Trades for More Than Three Times Its 2020 Sale Price
The Residences of Central Phoenix complex was built in 1973. (CoStar)
The Residences of Central Phoenix complex was built in 1973. (CoStar)
CoStar News
August 2, 2022 | 9:10 P.M.

A multifamily investment firm based in Southern California bought an apartment complex in Phoenix for $63 million, more than three times the property’s last sale price less than two years ago.

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News | California Firm Pays $63 Million for North Phoenix Apartments