February 3, 2016
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.