If you need assistance, please call 480-365-8346

California investor buys Tempe apartments in second Valley acquisition

Wednesday, June 16, 2021   /   by Juan Grimaldo

California investor buys Tempe apartments in second Valley acquisition

A month after making the firm’s first acquisition in the Phoenix market, Los Angeles-based real estate investment firm Decron Properties bought its second property in the Valley, closing on the $64.7 million purchase of the apartment complex 1221 Broadway.

The purchase of the property, a 194-unit apartment complex in Tempe, brings Decron nearly halfway to its goal of buying 1,000 units in Phoenix in the next two years, Daniel Nagel, CFO of Decron, said. The company already has properties throughout Southern California. Its first Northern California purchase was in 2015 and first purchase in the Seattle area was in 2018.

To continue reading, click here.

By Corina Vanek, Reporter - Phoenix Business Journal

Keller Williams Realty Elite- The Grimaldo Group
Juan Grimaldo
2403 N Pebble Creek Pkwy #101
Goodyear, AZ 85395
480-365-8346

© 2021 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than Juan Grimaldo - Keller Williams Realty Professional Partners - The Grimaldo Group (WINBACK) are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. October 25, 2021
This site powered by CINC: www.cincpro.com