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Sares Regis buys downtown Phoenix apartment property

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Sares Regis buys downtown Phoenix apartment property

Sares Regis Group acquired the 240-unit Mountain Park Apartments property in downtown Phoenix through its SRMFVA Fund III.

Caspian Properties sold the two-story, 95.8%-occupied property for $54.3 million, Multi-Housing News reported, citing Yardi Matrix data.