Blackstone Sells Tempe Apartments for $136M, Still Owns 7,000 Units

Article originally posted on Phoenix Business Journal on September 17, 2021

Linda Fritz-Salazar, vice president of Orion Investment Real Estate, said 18 deals over $100 million have closed in metro Phoenix since Jan. 1, 2020, with 15 of them closing this year.

One of those deals was The Stewart, which commanded a $125.5 million price tag after being sold to New York Life Real Estate Investors, according to Vizzda.

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