Acquisition of The District at Scottsdale, AZ

Deal value: $325,000,000

Acquisition of a 332-unit luxury multifamily property with 40,000 sq. ft. of ground-floor retail in Scottsdale, Arizona.

The acquisition targets a high-quality, luxury multifamily asset in a prime Scottsdale location, capitalizing on strong demand for upscale rental housing and mixed-use environments. The strategic motivation is to secure a generational asset with stable cash flow, value appreciation potential, and proximity to major retail and entertainment hubs. The timing is driven by accretive financing availability and the resilience of the Phoenix metro multifamily market.