PHOENIX-Kirkland, Washington-based Weidner Apartment Homes has acquired the Peaks at Papago Park, a 768-unit apartment complex at 815 N. 52nd St. in Phoenix, for an amount of $46 million. The real estate investment and management company has purchased the property from Santa Ana, California-based Carter Family Estates.
Weidner has acquired above 3,000 units in Tucson and Phoenix in the past year. Scottsdale-based Orion Investment Real Estate Solutions represented the buyer, while a private broker represented the seller in the deal. For the full story, go to Phoenix Business Journal.
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