An apartment complex in northeast Phoenix built in 1970 traded for $37.9 million in the latest example of the strong demand among out-of-state investors for multifamily properties in the region.
California Firm Buys 231-Unit Apartment Complex in Active Phoenix Area
Pennybacker Capital Sells 1970s Gio Apartments for $38 Million
CoStar News
December 29, 2022 | 9:50 P.M.
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IN THIS ARTICLE
- Properties
- ReNew Biltmore
2911 Indian School Rd, Phoenix, AZ
- Companies
- FPA Multifamily LLC
Real Estate
- Pennybacker Capital, LLC
Real Estate