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Suburban Phoenix Apartment Complex Sells for Twice Its 2019 Purchase Price

Florida Investor Pays $90.2 Million for 320-Unit Property in Mesa, Arizona
The Julia, a 320-unit property in Mesa, Arizona, was built in 1986. (CoStar)
The Julia, a 320-unit property in Mesa, Arizona, was built in 1986. (CoStar)
CoStar News
October 26, 2021 | 8:58 P.M.

For one Florida investment firm, a 320-unit apartment complex in fast-growing Mesa, Arizona's multifamily market was twice as valuable as it was just two years ago.

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