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Aukum Group buys Arizona multifamily property

  • Region:

    United States of America

  • Sector:

  • Deal Size:

    $41 million

  • Buy Side Company:

    Aukum Group
  • Sell Side Company:

    The Praedium Group
  • Target Company:

Private real estate investment company Aukum Group has acquired a multifamily property in Glendale,Arizona for $41 million, REBusinessOnline reported. The seller was The Praedium Group. Built in 2005, the property features 224 apartment units outdoor spaces and 40 detached garages. Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the buyer in the transaction.

Tags:

commercial real estate deals,commercial real estate,real estate deals,real estate