Sterling Real Estate Partners acquired Cambridge Court Apartments in Phoenix, the agency said Tuesday. The acquisition closed Friday.
The joint venture between Los Angeles-based Barker Pacific Group and Phoenix-based Pacific Real Estate Partners bought the 286-unit complex for $24 million, Cliff Fleck, BPG spokesman, told the Phoenix Business Journal.
“We’re excited to continue to grow our Phoenix portfolio,” said David Zeff, principal at Sterling Real Estate Partners and PREP president.…
