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Phoenix Area Investment Firm Buys Tucson Apartment Complex for $11.3 Million

California Firm Sells Ridgewood Gardens Apartments

The 171-unit Ridgewood Gardens Apartments in Tucson. (CoStar)
The 171-unit Ridgewood Gardens Apartments in Tucson. (CoStar)

Lily Tucson Investments, a Phoenix area investment firm, has purchased the 171-unit Ridgewood Gardens Apartments in Tucson, Arizona, from a private investor based in Orangevale, California, for $11.3 million, or about $66,000 per unit.

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