Tempe’s Metro 101 Apartments Trade for $69M

Article originally posted on HERE on January 15, 2021

Metro 101 Apartments, a 259-unit multifamily community in Tempe, traded hands for $69 million. The buyer was a group of investors that included Utah-based Keller Investment Properties’ Scott Keller, while the selling group included an affiliate of Phoenix-based Southwest Next Capital Management.

The four-story apartment complex is located at 2157 E. Apache Blvd. The community includes four buildings totaling 242,752 square feet and was built on 5.85 acres in 2019.

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