Commercial Real Estate Direct Staff Report Summit on Thomas LLC has paid $21 million, or $210,000/unit, for the 100-unit Rise on Thomas apartment property in Phoenix. The investor group, managed by Jay Trygstad and Teresa Hei of Millbrae, Calif., purchased the property from Rise48 Equity LLC of Phoenix, which was represented by Northmarq. Civic Financial […]

The post 100-Unit Apartment Property in Phoenix Sells for $21Mln appeared first on Commercial Real Estate Direct.