Fannie May has orchestrated a large bulk sale of 275 properties all located in the Phoenix, AZ area. The properties are believed to have been purchased by a Chinese-owned Bank for $34M. For details will follow as available but please read the article below by Phoenix's Arizona Republic. Previous Fannie Mae bulk sales were not regionalized and were more difficult for any one investor to research and establish a value. Although price and number of properties will still limit potential investors a more localized bulk sale of Phoenix properties will bring many hungry investors to the buying table.
Please contact Jason at 602-696-1721 for all your Arizona real estate investment needs.
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