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Chicago Group Buys Portofino Apts. for $50.6M

Investor Flips 440-Unit Multifamily in Phoenix for $17M Profit
By Phillip Majarucon
October 12, 2005 | 4:39 P.M.

Monaco Development of Chicago purchased the 440-unit Portofino Apartments at 3830 Lakewood Parkway in Phoenix, AZ for $50.6 million, or $115,000 per unit.

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News | Chicago Group Buys Portofino Apts. for $50.6M