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| Argenta Apartments, Mesa, AZ |
MESA, AZ – 29th Street Capital
(29SC), a privately-held real estate operator, has acquired Argenta
Apartments, a 396-unit multifamily community located in Mesa, Arizona.
29SC plans to invest over $3.2
million in capital improvements. Interiors will receive updated flooring, new
black appliances and upgraded fixtures as well as plumbing and lighting
packages.
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| Dusty Eddy |
“The property is conveniently located
north of Hwy. 60, which provides easy access to downtown Mesa as well as Tempe,
Chandler and Phoenix,” said Dusty Eddy, 29SC’s Senior Vice President of
Acquisitions in the Southwest. “We are acquiring this asset at the right price
in a highly desirable submarket, so overall it’s a great addition to our
portfolio.”
The transaction closed November 15. The sale price and seller were not disclosed.
CONTACT:
Terri Thornton
Partner, Thornton Communications |
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