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Apartment portfolio sales may be on the rise in Phoenix as a result of the strong fundamentals and market growth. Phoenix is not generally known for portfolio sales, but there have been a few more transactions in the first half of the year over the first half of 2017. Owners have been motivated to bring portfolios to market by strong pricing, deep capital and growing investor demand. While it is hard to say if a few more transactions makes a trend, the activity is certainly an example of the improvement in the market.

“There have been more portfolio sales this year,” Tyler Anderson, vice chairman at CBRE, tells GlobeSt.com. “In general, we aren’t a big portfolio market, but we have seen a few more this year. I don’t know that is a significant trend; however, when a portfolio does come to market, the depth of capital and demand is very significant. Whether the deal is purchased as a portfolio or ends up being purchased individually, there is a lot of capital that wants to buy in Phoenix.”

Kelsi Maree Borland

Kelsi Borland is a freelance writer and editor living whose work has appeared in such publications as Travel + Leisure, Angeleno and Riviera Orange County.

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