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Phoenix Rental Property Flips for $140M – Real Estate Investment in the Phoenix Area

Phoenix Rental Property Flips for $140M - Real Estate Investment in the Phoenix Area

Premiere Residential recently purchased Soltra at SanTan Village, a 380-unit, amenity-rich property in Gilbert, Arizona for just under $370,000 per unit. Leon Multifamily was the seller and was represented by a CBRE team led by Matt Pesch. This purchase marks their seventh property in Arizona and has raised the standard of luxury apartments in the East Valley due to its dynamic location within Gilbert’s preferred market.

Soltra boasts an expansive resident clubhouse with an entertainment island that seats 20 people along with gaming tables and arcade games. Additionally it features a two-level club style fitness center equipped with state of the art cardio equipment as well as yoga lounge while its tiered swimming pool offers guests swim up hospitality bar and private cabanas for relaxation purposes.

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