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Apartment Complex in South Phoenix Trades for $125 Million

Rise48 Equity Buys 14th Multifamily Property in Greater Phoenix This Year
The complex to be renamed Rise Encore was built in 1986 and renovated last year. (CoStar)
The complex to be renamed Rise Encore was built in 1986 and renovated last year. (CoStar)

A local multifamily investment firm bought the Encore 202 apartments in Phoenix for $125 million, adding to a string of apartment purchases in the region that has reached $765 million this year.

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