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Lexington on Central

Lexington on Central

Phoenix, Arizona

Multi-Family Acquisition
April 2007
May 2010
Cypress Realty VI

Acquisition of a 131-unit Class B multi-family asset along Central Avenue north of downtown Phoenix.  Built in 2000, the property was poised for a light value-add strategy including new countertops, stainless fixtures, vinyl flooring and modern blinds. Post-acquisition, the City completed construction on a new light rail stop across from the property, allowing for quick and convenient access to downtown Phoenix and beyond.

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