Wednesday, April 21, 2021
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City: Tempe

701 West Rio Salado Parkway

Trovita Rio LLC, a limited liability company linked to a Chandler, Ariz., investor, has bought the 209-unit Novel Rio apartment complex in Tempe, Ariz., for $66.3 million or about $317,225/unit. NXT Capital provided $49.9 million of acquisition financing.

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