MG Properties has paid $100.25 million for NOVO Broadway Apartments (formerly known as Parc Broadway), a residential community located in Tempe, Ariz., recently completed by Evergreen Devco.
“NOVO Broadway Apartments is a high-quality community that is well positioned to benefit from regional employment growth, making it an ideal fit for our long-term investment strategy,” said Jeff Gleiberman, president of MG Properties.
