PHOENIX-Business Real Estate Weekly reports that Greystar Real Estate Partners LLC of Charleston, SC and Goldman Sachs & Co. in New York City has concluded the second of two closings for a large multifamily portfolio once belonging to Chicago-based Equity Residential Trust. The JV paid just north of $72 million for ownership of 648 units across three area properties.

The following multifamily properties traded hands:

  • The 240-unit Village at Lakewood, 15815 S. Lakewood Pkwy. W., Phoenix
  • The 204-unit Heritage, 1100 E. Osborn Rd., Phoenix
  • The 204-unit Enclave, 3255 S. Dorsey Lane, Tempe, AZ

The sales of the Valley apartments were brokered through Tyler Anderson, Sean Cunningham and Asher Gunter of CBRE in Phoenix. The same brokers also negotiated the portfolio's first transaction, which took place earlier this month.

Read more about the transaction here. 

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