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Chandler Multifamily Acquired for $58M

Scottsdale Group Sells San Palacio Complex for $165,000 Per Unit
By Matthew Kirchwehm
July 18, 2007 | 10:56 P.M.

Scottsdale, AZ-based MT German & Ellis LLC sold the 352-unit San Palacio apartment complex in Chandler, AZ, to San Palacio AZ LLC for $58 million, or about $165,000 per unit, with a buyer's cap rate of 5.4%.

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