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California Multifamily Investor Purchases Phoenix Apartment Complex

NNC Apartment Ventures Acquires Citra for $16.5 Million
Citra Apartments in Phoenix consists of nine buildings with a total of 72 units. (CoStar)
Citra Apartments in Phoenix consists of nine buildings with a total of 72 units. (CoStar)
By Maggie Bavolack
CoStar Research
May 22, 2024 | 7:07 P.M.

Citra Apartments, a 72-unit boutique apartment property in Phoenix, was sold to California-based NNC Apartment Ventures for $16.5 million, or $229,167 per unit. The seller was Seattle-based Investors Capital Group.

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IN THIS ARTICLE


  • Properties
  • Contacts
    • Steven Gebing

      Executive Managing Director Investments, Institutional Property Advisors

    • Cliff David

      Executive Managing Director Investments, Institutional Property Advisors