Rise48 Equity Acquires Multifamily Property In Phoenix For $75.3M

The multifamily property located at 11459 N 28th Dr in Phoenix, AZ has been sold in a closed transaction. The property consists of 288 units and was sold for a total price of $75,300,000, resulting in a price per unit of $261,458.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $75,300,000
• Address: 11459 N 28th Dr, Phoenix, AZ
• Market: Phoenix, AZ
• Buyer: Rise48 Equity
• Seller: Pro Residential
• Broker: Trevor Koskovich - Northmarq

Trevor Koskovich from Northmarq represented the buyer, Rise48 Equity, in the transaction. Pro Residential served as the seller. The property's location in Phoenix, AZ makes it an attractive investment opportunity in the market.