Weidner Apartment Homes has paid $187.5 million, or $377,263/unit, for Desert Club, a 497-unit apartment property in Phoenix. The Kirkland, Wash., company purchased the property from Clarion Partners in a deal brokered by Marcus & Millichap’s Institutional Property Advisors unit. Desert Club, at 6901 East Chauncey Lane, was built in 2004 and has one-, two- […]

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