(Read more on the multifamily market.)
PHOENIX-Making its second buy in the metro, a local partnershiphas paid $17 million for Clarendon Park Apartments in an off-markettransaction. The partners plan to hold the 138-unit complex atleast five years.
Howard Berger of Berger Investment Group Inc. in Phoenix says heapproached Arizona Family Communities LLC in La Jolla, CA aboutacquiring the five-year-old complex at 222 W. Clarendon Ave. Bergerteams with Craig Streit, who serves as managing partner for theirinvestments.
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