Phoenix Multifamily Investment Activity Turned Around in Q3, Q4,Phoenix & Southwest News

In fourth-quarter 2020, Steve Gebing and Cliff David closed multifamily sales in Arizona and Utah valued at $916 million, according to Institutional Property Advisors, a division of Marcus & Millichap. Phoenix’s favorable demographics, led by years of above-average population growth, continue to benefit commercial real estate investment and mitigate uncertainty, says David.

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