Grace Development Buys Flower and Columbus Apartments in Phoenix

Reported Oct 14, 2026 · Source: Real Estate Daily News

Source: Real Estate Daily NewsRead the full report at Real Estate Daily News ↗

Deal details

Buyer
Grace Development & Investments LLC
Seller
Equilibrium Flower Columbus OZ LLC
Price
$1.5M
Size
26 units
Price per unit
$57,692 per unit (our calculation)
Asset class
Multifamily & Mixed-use
Transaction
Sale
Sub-market
Tucson
Metro
Phoenix
Reported date
Oct 14, 2026

Summary

Grace Development & Investments LLC purchased the 26-unit Flower and Columbus Apartments at 2647–2651 N. Columbus Boulevard and 4253 E. Flower Street for $1.5 million, or approximately $57,692 per unit. The portfolio included Delano and Balboa Apartments and Flower and Columbus Apartments, with an overall purchase price of approximately $46,545 per unit. The seller was Equilibrium Flower Columbus OZ LLC.

Summarized from the article; the quoted lines below are from the article itself.

Source: Real Estate Daily News

Read the full report at Real Estate Daily News. What the article says:

  • Deal
    The portfolio included Delano and Balboa Apartments and Flower and Columbus Apartments, with an overall purchase price of approximately $46,545 per unit.
  • Deal / Price / Size / Buyer
    Grace Development & Investments LLC purchased the 26-unit Flower and Columbus Apartments at 2647–2651 N. Columbus Boulevard and 4253 E. Flower Street for $1.5 million, or approximately $57,692 per unit.
  • Seller
    The seller was Equilibrium Flower Columbus OZ LLC.

Article date: 2026-10-14T01:00:37-07:00

Frequently asked questions

Who bought Flower and Columbus Apartments?
Grace Development & Investments LLC bought Flower and Columbus Apartments in Tucson, Phoenix, according to Real Estate Daily News.
How much did Flower and Columbus Apartments sell for?
The reported price is $1.5M, per Real Estate Daily News.
Who sold Flower and Columbus Apartments?
The seller was Equilibrium Flower Columbus OZ LLC, per Real Estate Daily News.

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Compiled from public sources; details can differ between sources. Always verify with the linked source.