In yet another expansion of its real estate portfolio, client and prominent California-based investment firm Davlyn Investments completed its $112.5-million purchase of a 294-unit, luxury, multi-family community complex in Phoenix, Arizona. “The Boulevard” will be renamed “Boulders at Lookout Mountain.”

This purchase follows Davlyn’s recent acquisitions in Chandler, Arizona and North Las Vegas, Nevada, bringing Davlyn’s total acquisition activity over the past 30 days to over $300 million. Davlyn Investments is a San Diego-based owner/operator of apartment communities throughout California, Arizona and Nevada. Since its founding in 1993, the firm has acquired over $1.7 billion in real estate assets.

The Procopio team representing Davlyn was led by Dennis Doucette.

You can learn more in Davlyn’s press release.