Cavan Cos. has sold The Bungalows on Camelback, a 334-unit, build-to-rent asset in Phoenix, for $112.5 million. That comes out to about $337,000 a unit. A private individual acquired the property. This deal marked the biggest single-asset BTR sale in the metro’s history. Located on more than 29 acres at 4747 N. 99th Ave., The Bungalows on ...
The post Cavan Spins Off Phoenix BTR Community for $112.5M appeared first on Connect CRE .
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