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PHOENIX—The Metropolitan Phoenix multifamily market has been on the upswing for some time. Across the Valley, numerous new apartment and condo projects are underway and investors are actively trading existing multifamily assets. And in the midst of all this activity, real estate experts have identified a renaissance where many of Phoenix’s existing, and sometimes much older, apartment communities are concerned as one of the driving forces in the Valley’s multifamily market. GlobeSt.com caught up with CBRE‘s Brian Smuckler to discuss this trend.

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