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Michigan Investor Buys Recently Renovated Apartment Complex in Scottsdale, Ariz.

Local Private Equity Firm Sells The Winfield for $18.3 Million
The recently renovated Winfield apartment complex in Scottsdale, Arizona, was originally built in 1969. (Cushman & Wakefield)
The recently renovated Winfield apartment complex in Scottsdale, Arizona, was originally built in 1969. (Cushman & Wakefield)
By Alex Chriscoe
October 4, 2019 | 6:26 P.M.

A private investor based in Saginaw, Michigan, has purchased the 95-unit Winfield apartment complex in Scottsdale, Arizona, from local private equity firm The Tanbic Co. for $18.3 million, or about $193,000 per unit.

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