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Louis Brown’s Street Smart Systems » Ahwatukee apartments sold to investor for $98K per unit
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post Ahwatukee apartments sold to investor for $98K per unit

October 30th, 2009

Filed under: News — Louis Brown @ 4:09 pm

The largest apartment investment transaction in recent Phoenix-area history closed Friday with a Michigan-based private equity paying $47.8 million for the San Melia community in Ahwatukee. The $98,000-per-unit price is one of the highest recorded since the recession began in late 2007.

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