AION Partners has completed the successful disposition of The Montana, a 134-unit Class A apartment community in Phoenix, AZ. The complex was constructed in 1999 and acquired by AION in late 2012. During the 3-year hold period, the firm embarked on an extensive unit renovation plan which added significant value to the property.
The sale represents a healthy return of equity to investors. Brad Goff and Chris Canter from ARA Phoenix represented AION in the transaction.