An entity formed by California-based NNC Apartment Ventures LLC has acquired a 222-unit, mixed-use, luxury multifamily community in Flagstaff, AZ for $64.5 million.

The property was sold by an entity formed by the Missouri-based VanTrust Real Estate LLC.

Located at 601 E. Piccadilly Dr., the asset, Village at Aspen Place, features ground-floor retail, an attached parking garage, elevator service and a mix of studio, one-bedroom and two-bedroom floorplans.

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Ingrid Tunberg

Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.