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West Coast Investor Buys Phoenix Apartment, Where Sales Are At a Record High

Multifamily Rent and Population Growth Is Driving Strong Sales Volume
Jade Scottsdale, an apartment property at 11545 N. Frank Lloyd Wright Blvd. in Scottsdale, Arizona, just outside Phoenix. (CoStar)
Jade Scottsdale, an apartment property at 11545 N. Frank Lloyd Wright Blvd. in Scottsdale, Arizona, just outside Phoenix. (CoStar)
CoStar News
August 9, 2021 | 10:58 P.M.

A California investor bought an apartment complex just outside Phoenix, one of the cities fueling an acquisition and development flurry of multifamily properties in the U.S. Southwest.

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