Phoenix Condo-to-Apartment Conversion Project Trades for Almost $42 Million

Phoenix Condo-to-Apartment Conversion Project Trades for Almost $42 Million

Phoenix Condo-to-Apartment Conversion Project Trades for Almost $42 Million 212 73 Next Wave Investors

A private-equity firm that specializes in buying, renovating and reselling multifamily properties sold the 160-unit Westover Parc apartments in Phoenix to a Boston-based real estate investment firm for nearly $42 million, or more that $260,000 per unit.

Article Source: CoStar