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For a total of $64.5 million, the 396-unit Country Brook Apartments sold Friday to California-based Standard Portfolios. The sale was funded by $54 million debt with Arbor Realty Capital. Sellers trace to Bascom Group in Scottsdale.
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The Country Brook Apartments are located south of the southeast corner of Rural and Ray Roads in Chandler. This complex consists of eight buildings totaling over 125,000 square feet and includes one, two, and three-bedroom floorplans. Three pools are stationed throughout the property.
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