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.

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