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Continental Realty Group purchased the 107-unit Copper Point Apartments in Mesa, Arizona, for $24.6 million, or about $230,000 a unit. This is CRA’s fifth acquisition in the Phoenix market since 2016.

Built in 1986, Copper Point features one—and two-bedroom layouts. The property’s amenity package includes a clubhouse/leasing center and a swimming pool. CRA intends to upgrade the unit interiors during their ownership period and improve the property’s exterior and common areas.