Rise48 Equity has paid $96.4 million for a pair of apartment properties with 365 units in Phoenix. The local investor paid $36.6 million, or $259,574/unit, for the 141-unit Portola at Grovers Park and $59.8 million, or $266,964/unit, for the 224-unit Portola West Valley. The properties were purchased from SB Real Estate Partners, which was represented […]

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