Scottsdale multifamily investor pivots to build townhomes

(Photo via Sanctuary on Broadway)

By Angela Gonzales | Phoenix Business Journal

After paying $42.5 million for a 240-unit apartment community in Tempe in January 2021, Nathan Reid has just sold it for $72 million.

And now he’s in pivot mode, with plans to build 500 rental units throughout the Valley.

Read the full subscription story from the Phoenix Business Journal.

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