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Phoenix Realty Group Acquires 280 Multifamily Units And Broadens Presence In Colorado

by benzinga.com posted 4months ago 12 views
FORT COLLINS, Colo., April 12, 2019 /PRNewswire/ -- Phoenix Realty Group (PRG), a national multifamily real estate fund manager, investor and operator, purchased Argyle at Willow Springs, a 280-unit Class B multifamily apartment community approximately 65 miles north of Denver, through an affiliated entity. The property was acquired with a third-party partner. PRG will operate the rental community and plans to renovate, upgrade, and modernize the property to offer an attractive option for tenants in the area. Argyle at Willow Springs will be rebranded as Alvista Harmony under PRG's proprietary brand, Alvista Communities®. The property, built in 1999, comprises 16 three-story buildings on an 18.7-acre site.

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