Crown Court Apts. Sells for $68M

CBRE has negotiated the $68.2 million sale of Crown Court Apartments, a 416-unit multifamily community located at 7900 E. Princess Drive in Scottsdale.  The purchase price was $68.28 million. The buyer was PrivatePortfolio Group of Seattle.
Built in 1987, Crown Court Apartments is adjacent to the Scottsdale Fairmont Princess Resort, and is 95 percent occupied.