Commercial Real Estate Direct Staff Report Tower 16 Capital Partners has paid $46.5 million, or $278,443/unit, for the 167-unit Yardly McDowell apartment property in Phoenix. The San Diego investment manager purchased the property from Taylor Morrison of Scottsdale, Ariz., in a deal brokered by Northmarq, which also had arranged $29.5 million of financing to facilitate […]

The post Tower 16 Pays $46.5Mln for Phoenix Apartment Property appeared first on Commercial Real Estate Direct.