PHOENIX, AZ - Triumph Properties announced it has closed an $82.5mm total capitalization of a 287-unit multifamily development project, Aileron, located in the booming North Phoenix submarket. The land parcel of 9.87 acres was purchased from Moderne Capital Partners, who will be Triumph s development partner on the deal.
Triumph believes that Aileron s location will benefit from the continued growth of the north Phoenix market including notable job announcements like the Taiwan Semiconductor.
/PRNewswire/ Triumph Properties announced it has closed an $82.5mm total capitalization of a 287-unit multi-family development project, Aileron, located in.
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