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Phoenix & Southwest  + Phoenix  + Apartments  | 
ABI Multifamily brokered the $42-million sale of Rise Metro apartments in northwest Phoenix to a Massachusetts investor

Massachusetts Investor Comes to Phoenix for Multifamily Deal 

ABI Multifamily arranged the $42-million sale of Rise Metro Apartments, a 160-unit multifamily apartment community located at 2045 W. Butler Dr. in northwest Phoenix. The buyer is based in Massachusetts and the seller, Rise48 Equity, is based in Arizona. 

Alon Shnitzer, Rue Bax, Eddie Chang and Doug Lazovick of ABI Multifamily’s Phoenix-based Institutional Apartment Group represented both the buyer and seller. 

Built in 1981, the property is constructed with wood frame and stucco exterior and flat roofs. Significant employers in proximity to the property include the numerous companies located along the I-17 employment corridor, Midtown and Downtown Phoenix, and the Camelback Corridor, as well as Banner Health, St. Joseph’s Hospital, U-Haul International, Wells Fargo, and Phoenix Children’s Hospital. 

In addition, there are numerous dining and entertainment options nearby, including the Christown Spectrum Mall, a 1.2-million-square-foot power center anchored by Super Target, Walmart and Harkins Theatres

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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