Greentree Place sells to joint venture

Property comprises 250-plus units

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Hendricks & Partners negotiated the sale of Greentree Place, a 256-unit apartment community in Chandler, Ariz. The value of the transaction was $13.7 million. The property, located at 250 South Elizabeth Circle, was built in 1987. All units contain washer/dryer hook-ups. San Mateo, Calif.-based Greentree Place Investors LLC sold the property to AIH Management LLC, Golden Phoenix LLC and Lexi Management of Irvine, Calif. 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