Multi-Housing News: LivCor Pays $43M for Phoenix Asset

The buyer of the 240-unit property assumed the remaining balance of a $20 million financing package taken by the seller in mid-2016.


In a $43 million deal, the P.B. Bell Cos. has sold Solis at Towne Center, a 240-unit Class A community near Phoenix, according to Yardi Matrix. LivCor, the buyer, assumed the outstanding balance of a $20.2 million loan from Allstate taken by the seller in 2016. The mortgage matures in August 2026.


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