Arizona apartments sold

L.A. investor buys property

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Hendricks & Partners arranged the sale of Retreat at The Raven, a 192-unit apartment community in Phoenix, Ariz. The value of the transaction was approximately $17.4 million. The property is located at 3606 East Baseline Road and was built in 2001. Phoenix-based The Retreat Multi-Family L.P. sold the community to Los Angeles-based Oasis Retreat L.P. Hendricks & Partners is a national advisory firm focused exclusively on the sale of multifamily properties. *** What's your opinion? Send your Letter to the Editor to