Storm Properties has paid $33.5 million, or $167,500/unit, for the Arches, a 200-unit apartment property in Glendale, Ariz. The Torrance, Calif., company purchased the property from an affiliate of Western Wealth Capital of Vancouver, British Columbia, which had acquired it in 2019 for $23.1 million. Northmarq brokered the latest deal and provided $23.45 million of Fannie […]

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