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Deal-Tracker: Multifamily, Office & Retail

PHOENIX—In this week's Deal-Tracker, ABI Multifamily, announces the sale of Winding Creek, an apartment community located in Phoenix.

By Kristian Seemeyer | Updated on October 06, 2014

PHOENIX—In this week’s Deal-Tracker, ABI Multifamily announces the sale of Winding Creek, an apartment community located in Phoenix. The 54-unit garden-style community was originally built in 1982. Winding Creek sold for $1.7 million, which reflects a price just over $31,000 per unit. The sale is the second transaction brokered by ABI Multifamily in the past week, with the two sales combining for nearly $10 million in transaction volume.

The buyer in the transaction, Los Angeles-based Winding Creek Apartments LLC, was attracted to the heavy two-bedroom unit mix, attractive assumable debt, as well as the trending fundamentals in the immediate neighborhood.

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