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Greystar Acquires 376-Unit Flagstone Apartment Homes in Tempe, Arizona

Flagstone-Apt-Homes-Tempe-AZ

Located in Tempe, Ariz., Flagstone Apartment Homes features 376 units in a mix of studio, one- and two-bedroom layouts.

TEMPE, ARIZ. — Greystar has purchased Flagstone Apartment Homes, a multifamily asset located 30 W. Carter Drive in Tempe. RedHill Realty Investors and its joint-venture partner sold the asset for an undisclosed price.

Situated on nearly 18 acres, the property features 376 units in a mix of studio, one- and two-bedroom layouts. The 248,912-square-foot asset was built in 1985.

Cliff David of Marcus & Millichap and Steve Gebing of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller and procured the buyer in deal.

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