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Sign in Sign up for a FREE subscriptionMG Properties acquires NOVO Broadway Apartments in Tempe for $100m
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.
