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PHOENIX – A limited partnership formed by the Sheiner Group has acquired the 384-unit Colter Park apartment complex in Phoenix for an undisclosed sum. The community is located at 909 West Colter Street, near the Melrose District/7th Avenue/Camelback Valley Metro light rail station.
The community was built in 1972. It also enjoys easy access to the Uptown/Midtown office corridor, Downtown Phoenix and the Biltmore area of the Camelback Corridor.
The seller, an institutional pension fund advisor, was represented by Steve Gebing of Institutional Property Advisors and Cliff David of Marcus & Millichap.