Cit provides $51 million for acquisition of arizona apartment complex

New york, feb. 24, 2022 /prnewswire/ -- cit, a division of first citizens bank, today announced that its real estate finance business provided $51 million in financing for the acquisition of the oceana apartments in avondale, arizona. oceana apartments, which was acquired by 29th street capital, consists of 240 one-bedroom, two-bedroom and three-bedroom units.
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