Tranquility Capital, Abundance Equity Partners and Rubio Investors acquired the five-building property.
Bank of America provided the financing for the 51-story development.
HomeStreet Bank provided financing for the purchase of the 111-unit asset.
The luxury property in downtown Phoenix last traded for $50.7 million seven years ago.
The three properties total 762 units.
American Momentum Bank holds the construction loan.
HARRI5 facilitated the cash sale of Las Quintas Oasis in Yuma.
The Fayetteville-area property last traded for $21.1 million.