Tincath LLC, Ott Holding, GmBH, principal, paid $9,180,000 ($510,000 per unit) to buy the 18 unit Farmer Avenue Lofts apartments located 352-398 S. Farmer Avenue in Tempe, Ariz.
The seller was Synergy Farmer LP, a limited partnership formed by Myles Bruckal, principal.
The deal was brokered through Bill Hahn, Jeff Sherman and Trevor Koskovich (HSK) of Colliers International in Phoenix.
Maricopa County records show the buyer acquired the property for cash. The complex was built in 2008.