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Tides Equities buys multifamily community in Phoenix

Tides Equities acquired The Edge multifamily community in Phoenix for $57.3 million, Multi-Housing News reported.

The seller is Baron Property Services LLC, which does business as Baron Properties.

The property at 15202 N. 40th St. contains 380 units across 16 buildings.

CBRE represented the seller and arranged financing for the deal on behalf of the buyer, according to the report.