By Caleb Melby | Bloomberg News0
One firm has amassed more than 38,000 apartment units in markets including Phoenix, Tucson, Seattle, Anchorage, Colorado and Texas.
“They suck up all the big stuff that my other clients would like to buy, usually in a private sale before it hits the market,” said Dan Benton, an Anchorage real estate agent.
Together, the Weidner Apartment Homes properties, founded by billionaire Dean Weidner, 72, have a net asset value of $2.3 billion.
Weidner owns more than 30 properties in Arizona, with at least 9,900 units, valued at about $1 billion before accounting for debt, according to data compiled by Bloomberg.
