229
PHOENIX — Bridge Investment Group has purchased the 856-unit Saratoga Ridge apartment complex in Phoenix for $75.5 million. The community is located at 1450 E. Bell Road in the Deer Valley submarket. It was built in 1984 and is currently 95 percent occupied. Jim Crews and Brett Polachek of Cushman & Wakefield represented the seller, the Variable Annuity of Life Insurance Company (AIG Asset Management LLC), in this transaction.