WOOD PARTNERS AND AMERICAN REALTY ADVISORS ACQUIRE 350-UNIT MULTIFAMILY COMMUNITY IN PHOENIX’S CAMELBACK EAST SUBMARKET

Wood Partners, LLC, in partnership with American Realty Advisors, has acquired Pinnacle Towne Centre, an existing 350-unit multifamily community at 1601 E. Highland Avenue in Phoenix’s Camelback East submarket, and plans to renovate the property into an upscale townhome community named Altera Highland. “Built in 1998, Pinnacle Towne Centre offers Wood Partners the opportunity to…