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Tuesday, 15 May 2018

382-Unit Apartment Property in Phoenix Fetches $33.35Mln

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Capital Real Estate has acquired Prescott on Thomas, a 382-unit multifamily complex in Phoenix, for $33.35 million, or about $87,304/unit.

The Denver company bought the garden-style property from an affiliate of Abacus Capital Group, which had purchased it three years ago for $24.35...

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Additional Info

  • Syndicate to Realpoint: No
  • Cities: Phoenix
  • States: Arizona
  • Sector: Multifamily
  • Subject: Property Acquisitions (ACQ)
  • Valuation: Between $25 million and $50 million
  • Private: Yes
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Dan Moynihan

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