TruAmerica Multifamily has paid $45.4 million, or $276,829/unit, for the 164-unit Rise on Peoria apartment property at 5020 West Peoria Ave. in the Phoenix suburb of Glendale, Ariz. The Los Angeles investment manager purchased the 37-year-old property from Rise48 Equity LLC, a Phoenix investment manager, in a deal brokered by Newmark. Rise48 had purchased the […]

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