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Riverside Apartments in Phoenix’s Tempe Suburb Trade Hands

Returning College Students and Growing Tech Firms Bolster Local Apartment Market

The Riverside apartments were built in 1985 and renovated in 2017. (CoStar)
The Riverside apartments were built in 1985 and renovated in 2017. (CoStar)

A Los Angeles investor has purchased an apartment property in Tempe, Arizona, where an influx of returning college students and expanding tech and finance firms has created one of Phoenix's hottest apartment markets.

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