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New York investor plops down $211M for Valley apartment portfolio

Angela Gonzales
New York investor plops down $211M for Valley apartment portfolio

New York-based AllianceBernstein U.S. Real Estate Partners has come back to the Phoenix market in a big way. The real estate company shelled out $211 million for a 12-property, 2,182-unit portfolio of apartments, according to the Kasten Long Weekly Apartment Closing Update.