Michigan group buys Camelback complex for $20.5M

Screen Shot 2015-09-25 at 2.44.18 PMMike Sunnucks | Phoenix Business Journal

Michigan-based IPA Management LLC has bought a Camelback-area apartment complex for $20.5 million.

Grand Haven, Michigan-based IPA has acquired the Sienna Springs Apartments on 15th Street north of Camelback Road in Phoenix.

The seller was Delaware-based Bellstone Holdings, according to Maricopa County sales documents.

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