Real Estate

Cvg Pays $38M For Phoenix Multifamily Property

by multihousingnews.com posted 5months ago 18 views
The new owner previously sold The Enclave at Paradise Valley in 2019 for $24 million. : Rincon Partners has sold The Enclave at Paradise Valley in Phoenix for $37.6 million, according to Yardi Matrix data. CVG Properties re-acquired the 174-unit community, after selling it in 2019 for $24 million. The new owner received a $24.4 million Freddie Mac acquisition loan from CBRE Capital Markets, which is set to mature in 2031.

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