Walden Properties LLC, based in Addison, TX is the seller. Thesale price equates to more than $78,300 per unit. Brokers PeterKatz and Darrell Moffitt, both of Marcus & Millichap's Phoenixoffice, have negotiated the sale.

The Lakeview at Ocotillo apartments is located at 4800 S. AlmaSchool Rd. Last year, Chason had bought the Renaissance at SouthMountain in south Phoenix and in 1998, it acquired the Ventanaapartments in Scottsdale.

Lakeview at Ocotillo apartments are situated on the southernedge of one of the Valley's fastest- growing suburbs. The complexis just south of the Chandler Sports Complex and less than a halfmile north of Sun Lakes, a popular retirement community.

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