As reported in:
Scottsdale – In two deals totaling a combined $91.7 million, companies formed by Camden Property Trust (NYSE:CPT) purchased 569 apartments in two communities in Scottsdale. The seller in both transactions were companies formed by Equity Residential Trustin Chicago, Ill. (NYSE:EQR). The sale was negotiated through Tyler Anderson, Sean Cunningham and Asher Gunter of CBRE in Phoenix. The sales were closing at press time so BREW was unable to secure the affidavit of property value on either transaction. Continue reading
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