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Acquisition of the Week: Park 67 Apartments

by Joseph Gordon

January 6, 2022
8:17 pm

Property: Park 67 Apartments, a 160-unit property in Glendale, Ariz.

Buyer: Tower 16 Capital Partners

Seller: Vertex Investments

Price: $30.4M/$251 per s.f.

Projected IRRs: Mid-20% range

As Arizona continues to

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Joseph Gordon

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