Regent Properties Pays $90M for 3-Property Phoenix Portfolio

by By: Mike Boyd

CBRE negotiated the sale of a three-property multifamily portfolio in Downtown Phoenix, totaling 323 units. The portfolio includes Linear (104 units), iLuminate (111 units) and The McKinley (108 units), three boutique, Class A multifamily communities located within one-half mile of each other in the Roosevelt Row neighborhood. Regent Properties acquired the portfolio for $90 million. ...

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