Barrington Regent, a 123-unit apartment community in Phoenix, Ariz., has sold to a Colorado-based investor for $13.1 million.
Baron Property LLC, based in Greenwood Village, Colo., purchased the property from Oppenheimer Partners Properties LLP.
Located at 825 West Osborn Road, the Barrington Regent has received more than $1 million in capital improvements over the past three years, including an enhanced community facade, double-gated entry control system, redesigned common areas and a residence center featuring a library, fitness center, business center, theater room, laundry center, luxurious decor, modernized units and a heated swimming pool and spa.
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