Citi on Camelback Citi onCamelback

Chicago-based Rockwell Property Co. hasacquired a 192 condo units inside the 360-unit Citi onCamelback residential community in Phoenix for $32.7million. It is the company’s second acquisition in the market tinfour months.

The property was built in 2002 and converted into a condoproject in 2008; however, due to the economic downturn, only 168units sold. Rockwell plans to upgrade the interior units, and isopen to buying additional units in the building.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

Phoenix
Multifamily
Capital Markets
West