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Suburban Phoenix Apartment Sale Among Region’s Largest of Past Year

Deal in Tempe, Arizona, Shows Investor Demand Remains High Despite Rising Regional Vacancy
Weidner Property Management of Kirkland, Washington, acquired the 328-unit Skywater at Town Lake apartment complex in Tempe, Arizona. (CoStar)
Weidner Property Management of Kirkland, Washington, acquired the 328-unit Skywater at Town Lake apartment complex in Tempe, Arizona. (CoStar)
CoStar News
February 16, 2024 | 11:14 P.M.

A $112 million apartment deal in Arizona, among the biggest in greater Phoenix in the past year, signals further suburban investor demand despite elevated multifamily vacancies.

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