February 3, 2016 Comments Off on Investor Re-Enters Phoenix Area with $64.5M MF Buy Views: 213 Arizona, California News, National News, Southwest

Investor Re-Enters Phoenix Area with $64.5M MF Buy

Standard Portfolios LLC of Arcadia, CA has reportedly struck a deal with Irvine, CA-based Bascom Group to acquire the 396-unit Country Brook apartments in Chandler, AZ.

Sources say the buyer paid $64.5 million for the property, which is located at 4909 W. Joshua Blvd. The transaction is Standard Portfolio’s first since selling a 2,759-unit portfolio of Phoenix-area apartments in 2014.

Cindy Cooke and Brad Cooke with Colliers International brokered the deal.

Read More at Business Real Estate Weekly of Arizona

Connect with Colliers’ Cindy Cooke

Connect with Colliers’ Brad Cooke

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