Broadstone Sixteen 75 Sold for $60 Million

Cushman & Wakefield announced today the sale of Broadstone Sixteen 75, a 225-unit luxury Class A apartment community, located at 1675 East Morten Avenue in Phoenix. An entity formed by ConAm Asset Management Corporation of San Diego, Calif. purchased the property for $60 million ($266,667 per unit). Cushman & Wakefield Executive Managing Directors David Fogler…