News

…Apartment markets are undersupplied and vacancies are as tight as they’ve been in the last 15-20 years due to reduced homeownership coming out of the downturn, according to Keith Rosenthal, president and ceo of New York-based Phoenix Realty Group. “That [translates] to […]

…Investing on behalf of an institutional real estate fund, PRG has targeted middle-market multifamily properties in the greater Los Angeles area, according to a prepared statement. “We will continue to add value to our portfolio with an increased focus on […]

…Canyon Creek Apartments, a 288-unit complex in Riverside’s Canyon Crest area, has been sold for $36.4 million, according to a statement. Buyer Phoenix Realty Group of Los Angeles has now bought 12 apartment communities in Southern California in about one […]

…According to PRG managing director Alex Saunders, Canyon Creek is a unique property in the area due to its large units, full package of amenities and mature landscaping. “The $3-million renovation plan has already begun with upgrades to the common […]

… According to PRG managing director Alex Saunders, Canyon Creek is a unique property in the area due to its large units, full package of amenities and mature landscaping. “The $3-million renovation plan has already begun with upgrades to the […]

… Phoenix Realty Group has acquired Canyon Creek Apartments, a 288-unit community located in Riverside, Calif. The $36.4 million transaction represents the 12th apartment community in PRG’s Southern California portfolio. The company plans to begin a $3 million renovation program […]

FOR RELEASE: January 11, 2012 PRG Buys $36.4-Million Canyon Creek Apartments in Riverside, Calif. Plans call for $3 million in renovations to 24-acre community LOS ANGELES – Phoenix Realty Group (PRG) has added a 12th apartment community to its Southern […]