Gilbert Apartment complex sold for $28 million - East Valley Tribune: Business

Gilbert Apartment complex sold for $28 million

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Posted: Thursday, July 26, 2012 4:32 pm

A 341-unit apartment complex in Gilbert’s Val Vista Lakes has sold for $28 million. Vista Montana, 3225 E. Baseline Road, was built in 1990 and was 90 percent occupied at the time of the sale.

It was sold by WM Associates LP of Scottsdale to Acacia Capital Corp. of San Mateo, Calif. CBRE negotiated the sale.

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