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Group Acquired the Renaissance Apts. for $21.47M

Utah State Retirement Investment Fund Sold 360 Units at 13421 N. 43rd
By Jamie Young
September 22, 2005 | 1:41 P.M.

Phoenix Renaissance LLC purchased the apartment community known as Renaissance at 13421 N. 43rd Ave. in Phoenix. The 321,930-square-foot, 360-unit property rang in $21.47 million, or about $59,639 per unit, at a 6.25% cap rate.

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