The Praedium Group Grows Phoenix Foothold

New York-based investor The Praedium Group has acquired the Town Commons apartment community in Gilbert, Arizona. The terms of the deal, including the sales price and the name of the seller, were not disclosed.

The 306-unit apartment building is made up of 24 buildings with two 2-story townhouse buildings, ten 2-story carriage homes, and twelve 3-story garden style buildings. Ranging from 776 to 2,197 square feet.

The property is centrally located, and it features a quality amenity package.