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Odyssey Properties Acquires Nola on 50th Multifamily Community in Phoenix for $37.2M

Parq-on-50th-Phoenix-AZ

Located in Phoenix, Parq on 50th features 155 studios, one- and two-bedroom apartments.

PHOENIX — Los Angeles-based Odyssey Properties Group has purchased Nola on 50th, an apartment property in the Arcadia neighborhood of Phoenix, from an undisclosed seller for $37.2 million. Odyssey will rebrand the 155-unit community as Parq on 50th.

Constructed in 1979, Parq on 50th features 12 buildings on 5.6 acres of land and offers a mix of studios, one- and two-bedroom units. Current amenities include a pool and spa, two laundry facilities, a fitness center, grilling station and dog park. The asset is located at 5008 E. Thomas Road.

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