Neilstate Investment Properties Sells Multifamily Community in Phoenix for $5.5M

by Amy Works

PHOENIX — Neilstate Investment Properties has completed the disposition of Phoenician Villa Apartments, located at 1545 W. Camelback Road in Phoenix. Thomas Price International and ECOHAUS Real Estate acquired the property for $5.5 million.

The 93-unit community offers a value-add opportunity to renovate and reposition the multifamily community in a growing area.

Karl Abert of Kidder Mathews represented the seller in the transaction.

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