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Phoenix Rental Market Stays Hot Despite Pandemic

San Diego Shop Pays $219,000 a Unit for 13-Year-Old Complex
Greater Phoenix racked up more than $7.9 billion of apartment sales in 2019. The Metro at Zanjero Apartments in Glendale, Arizona, is the latest property to trade hands. (CoStar)
Greater Phoenix racked up more than $7.9 billion of apartment sales in 2019. The Metro at Zanjero Apartments in Glendale, Arizona, is the latest property to trade hands. (CoStar)
By John Doherty
CoStar News
April 28, 2020 | 5:53 P.M.

A San Diego investment shop is the latest to scoop up an apartment property in greater Phoenix, which was one of the strongest U.S. rental markets before the coronavirus pandemic.

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