The Palms (SOLD)
PHOENIX | ARIZONA
ABOUT THE ASSET
Caliber sold the Palms Portfolio in December 2019 for $25,000,000.
Acquired in August 2016 for $14,050,000, the Palms Portfolio is made up of three apartment complexes, totaling 374-units including:
- Palm Shadows Apartments – 130-units
- Siesta Palms Apartments – 124-units
- Twin Palms Apartments – 120-units
Caliber completed a $708,630 renovation across the three properties improving the parking lots, upgrading GFCIs and carbon monoxide detectors.
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