The Bascom Group

Bounce Back: Multifamily Firms Emerge From Recession

In Phoenix, not all apartment companies are created equal in the scope of the market recovery.

An Arizona court of equity has cleared the way for a 3,000-unit, seven-property apartment portfolio previously operated by the Bethany Group to be sold out of receivership, says Bill Hoffman, president and founder of San Diego, Calif.-based Trigild, the corporation that was appointed receiver of the properties last September.

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