PHOENIX, AZ – Bridge Investment Group has acquired a three-property multifamily portfolio from JB Partners for $201.8 million.
The Southwest portfolio comprises the 296-unit The Villages at Metro Center community in Phoenix, AZ; the 273-unit Crystal Creek community in Phoenix, AZ; and the 216-unit Indigo Park community in Albuquerque, NM.
Built in 1979, The Villages at Metro Center is situated on 11.5 acres of land and is located near the Deer Valley and Interstate 17 employment corridors. Built in 1985, Crystal Creek is situated on eight acres of land and is located near the Deer Valley corridor and the Bell Road Retail corridor. Constructed in 1974, Indigo Park is situated on 7.5 acres of land off of Interstate 25 and is located eight miles from downtown Albuquerque.
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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.
