The assets include Los Arboles and Vista del Lagos, two contiguous developments totaling 432 units in South Chandler; Pine Shadows, a 272 unit community in Tempe; Shadow Creek, a 266 unit community in Mesa; Woodcreek, a 432 unit community in Mesa; and Wickertree Apartments, a 226 unit community in Phoenix.
There are no asking prices for the properties, which are for sale both individually and as a portfolio. Offers are due Friday, March 20.
The disposition is part of a larger effort by Aimco to sell off $2 billion of market-rate and affordable properties over the next two years, mostly in non-target markets. Its non-target markets include Austin, Baltimore, Indianapolis, Nashville, Norfolk and Raleigh.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
