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Triumph Properties Buys Land Parcel for 287-Unit Aileron Multifamily Development in North Phoenix

Aileron-Phoenix-AZ.jpg

Aileron in Phoenix will feature 287 apartments, a pool, spa, fitness center, clubhouse and barbecue area.

PHOENIX — Triumph Properties has closed an $82.5 million total capitalization for Aileron, a multifamily project located in North Phoenix. The company acquired the 9.8-acre land parcel from Moderne Capital Partners, which will partner with Triumph on the project.

Aileron will feature 286 apartments in a mix of studios, one- and two-bedroom units averaging 842 square feet. Units will feature vinyl plank and carpet flooring, quartz countertops, tile backsplashes, wood cabinets, stainless steel appliances, in-unit laundry and air conditioning. Community amenities will include a pool, spa, clubhouse, fitness center, barbecue area, secured access and a package center.

Content Partners
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