
October 15, 2022
Odyssey Properties buys Nola on 50th in Arcadia for $37.25M
Odyssey Properties Group, a multifamily investment sponsor and private equity real estate firm based in Los Angeles, has acquired Nola on 50th, a 155-unit multifamily community located in the Arcadia submarket of Phoenix, Arizona, for $37.25 million.
Nola on 50th, which Odyssey will be rebranding as Parq on 50th, is the firms third acquisition in Arizona since entering the market in late 2020. ABI Multifamily’s Phoenix-based Institutional Apartment Group – Alon Shnitzer, Eddie Chang, Rue Bax, and Doug Lazovick represented the buyer and seller in this transaction.