SCOTTSDALE, AZ-Making its first area buy, California buyer Aukum Management acquires the 1980s complex from the Chicago-based Equity Residential for just north of $20 million.

GRANDVIEW, TX-The Arlington, TX buyer acquires the three-building asset in Johnson County from US Bank for its Hangover Opportunity Fund. Plans are to invest approximately $250,000 in upgrades.

MCKINNEY, TX-In this <b>UPDATE</b> to a previous story, Victory Healthcare announces a new location, while CEO Robert Helms Jr. explains why now is a good time for MOB development in the Metroplex.

PHOENIX-<b>EXCLUSIVE</b>-The Seattle buyer takes one week from contract to closing for the Dunlap Square Apartments acquisition. Brokers Alon Shnitzer and Rue Bax with Orion say it's the fastest conventional closing they've experienced.

CLEBURNE, TX-The Dallas-based healthcare real estate firm has launched construction on a 96-bed assisted living and memory care center under its new brand, Heartis. Look for more to come throughout the southwest.

HOUSTON-In a recent interview with GlobeSt.com, Transwestern's Clint Duncan says that the appetite for multifamily value-add product has increased. But value-add deals are becoming scarce, at least in Houston.

OKLAHOMA CITY-Ron Bradshaw and Charlie Nicholas are finishing up the first phase of 139 units and will begin construction on 160 more units.

PHOENIX-IIT Acquisitions acquires the two-building asset for $44 million. The transaction was brokered by Mark Detmer and Bo Mills, who recently joined Jones Lang LaSalle.