Residential Investor Ready for More After $72 Million Return to Phoenix; Plus 4 More Valley Deals
Sherman Residential has reentered the Phoenix market after 20 years with the $72.05 million purchase of Axis Camelback, a 237-unit Class A multifamily property. Since acquiring the complex, the company has completed exterior renovations and plans to invest $1 million over five years in upgrades, including enhancements to the clubhouse, lounge, and sky deck. Rents …