Investor pays $12 million for Arizona apartments

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Hendricks & Partners negotiated the sale of Paradise Club, a 288-unit apartment community in Phoenix, Ariz. The value of the transaction was $12.1 million. The property is located at 2825 East Marconi Ave. Mountainside, N.J.-based Paradise Club LLC sold the property to Dallas, Texas-based Paradise Urban Investments LLC. 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