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New York Investment Firm Buys Tempe Apartment Complex for $93.8 Million

The Praedium Group Adds Harper to Growing Portfolio
The 367-unit Harper apartment complex in Tempe, Arizona. Photo: CoStar
The 367-unit Harper apartment complex in Tempe, Arizona. Photo: CoStar
By Jonelle Lenz
CoStar Research
June 18, 2019 | 2:03 P.M.

The Praedium Group, a national investment firm headquartered in New York, purchased the 367-unit Harper apartment complex in Tempe, Arizona, from Dallas-based JLB Partners, LP for $93.8 million, or about $256,000 per unit.

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IN THIS ARTICLE


  • Properties
    • Harper

      4690 Lakeshore Dr, Tempe, AZ