SAM Residential Group has paid $53 million, or $315,476/unit, for 1408 Casitas at Palm Valley, a 168-unit apartment property in Avondale, Ariz., about 15 miles west of Phoenix. The Los Angeles developer purchased the property from 29th Street Capital of Chicago, which was represented by Newmark. Newmark also arranged $36.02 million of acquisition financing that’s […]

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