PHOENIX—Marcus & Millichap has negotiated the sale of Emerald Shores, a 304-unit multifamily community located at 8151 W. Indian School Rd. in Phoenix.

Rich Butler, Brian Tranetzki and Steve Gebing represented the seller, Gran Victoria Housing LLC, a nonprofit organization based in Phoenix. The buyer, a private party, is base out of Los Angeles. Neil Sherman of Sperry Van Ness represented the buyer in the transaction.

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