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MESA, ARIZ. — Institutional Property Advisors, a division of Marcus & Millichap, has arranged the sale of Country Club Verandas, a multifamily property located along Country Club Drive in Mesa. Weidner Apartment Homes sold the asset to Bridge Investment Group for $49.6 million, or $142,529 per unit.
Constructed in 1985, Country Club Verandas features 348 apartments and a swimming pool on a 13-acre site.
Steve Gebing and Cliff David of IPA represented the seller and procured the buyer in the deal.