Apartments at Steele Park sell for $36 mil
1 commentby J. Craig Anderson - Apr. 13, 2012 11:46 AM
The Republic | azcentral.com
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Apartments at Steele Park, a 399-unit multi-family rental property at 411 E. Indian School Road, in Phoenix, has been sold for about $36 million, a broker involved in the deal said Friday.
The buyer was an entity formed by Weidner Investment Services, of Kirkland, Wash. Weidner has purchased about 7,500 apartment units in metro Phoenix since 2010.
The Seller was DMARC 2006-CD2 Indian School LLC, an entity controlled by Florida-based LNR Partners.
David Fogler and Steven Nicoluzakis of Cassidy Turley BRE Commercial's Multi-Family Service Group represented the seller in the transaction.
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