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Apartment Complex in Phoenix’s Surprise Suburb Sells for $85 Million

Villas at Mountain Vista Ranch Trades Above Per-Unit Market Average
The Villas at Mountain Vista Ranch was built in 2003. (CoStar)
The Villas at Mountain Vista Ranch was built in 2003. (CoStar)
CoStar News
July 11, 2022 | 5:49 P.M.

A Colorado multifamily firm sold an apartment complex in Surprise, Arizona, for $85 million, more than three times what the seller paid to acquire the 256-unit complex outside Phoenix nine years ago.

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