TA Associates Spends $75.45 Million For 564 Apartments In Two Valley Projects
A limited partnership formed by TA Associates Realty in Boston, Mass. paid $75.45 million ($133,77 per unit blended price) to buy 564 apartment units in projects located in Chandler and Phoenix. The real estate investment advisor acquired the multi-family communities in two cash transactions.
The sellers were companies managed by J.P. Morgan Asset Management in Los Angeles, Calif.
The deals were brokered by Steve Gebing and Cliff David of Marcus & Millichap Real Estate Investment Services in Phoenix.