A joint venture between Bascom Arizona Ventures and Connecticut-based GE Capital has purchased the 286-unit Northern Landing Apartment community in Phoenix, Ariz.
The value of the transaction was $13.7 million.
The property, located at 8135 North 35th Ave., was constructed in 1982. The 10-acre property features two swimming pools, two spas, covered parking, two laundries and BBQ areas.
The community is comprised of 15 two-story residential buildings. Northern Landing’s 286 apartment homes consist of two floor plans: a 625-square-foot, one-bedroom/one-bath unit and an 875-square-foot, two-bedroom/two-bath unit.
***
What’s your opinion? Send your Letter to the Editor to opinion@inman.com.
You have {{data.cm.viewsLeft}} articles left this month.
This content is available to Inman Select subscribers.
Please select an option below.
Please register to access this content.
To continue viewing the content you love, please sign in or create a new account
You have used all of your free pageviews.
Please subscribe to access more content.
Access denied!