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Apartment Deal Near Phoenix Among Region’s Largest of Past Year

Student Housing Complex in Tempe Trades for $130 Million Amid Rising Demand
Virtus Real Estate Capital and Coastal Ridge Real Estate acquired the 260-unit Nine20 Tempe student housing complex near Phoenix. (CoStar)
Virtus Real Estate Capital and Coastal Ridge Real Estate acquired the 260-unit Nine20 Tempe student housing complex near Phoenix. (CoStar)
CoStar News
November 2, 2023 | 9:31 P.M.

A student housing complex near Phoenix sold for $130 million in the region’s second-largest multifamily deal of the past year amid recovering demand among renters and investors.

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