PHOENIX, ARIZ.    The Terraces at Glassford Hill apartments in Prescott Valley have been sold to California-based Virtú Investments for $47,350,000 which is $209,530 per unit.

“The Terraces is irreplaceable with it’s unique location positioned on top of Glassford Hill.  The fantastic views overlooking Prescott Valley combined with Class A quality design provides consistently high occupancy coupled with strong rents.  Virtú took the time to truly understand this dynamic asset and submarket,” said Brad Cooke, executive vice president with Colliers International in Greater Phoenix.

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