FAIRFIELD ACQUIRES THE DISTRICT AT SCOTTSDALE APARTMENTS
Acquisition Expands Fairfield’s Footprint in the Phoenix Metro Area
SAN DIEGO, CA – OCTOBER 19, 2023 – Fairfield recently closed on the acquisition of The District at Scottsdale, a 332-unit luxury housing community in Scottsdale, AZ, offering a mixture of one- and two-bedroom apartments and on-site retail in a highly accessible location.
“Fairfield viewed this asset as an incredible opportunity to acquire a top-tier off-market asset situated in a generational location,” said Vice President of Acquisitions Jason de Guzman. “It was further boosted by the fact that the deal came with accretive financing, which is so valuable in today’s volatile interest rate environment.”
An attractive asset from an investment perspective, The District at Scottsdale also aligns with Fairfield’s purpose to provide better living for residents. The community offers modern apartment homes and thoughtful amenities including a state-of-the-art fitness center, wine tasting room with temperature-controlled wine lockers, game lounge with billiard and poker tables, speakeasy, and designer interiors including deluxe penthouses. It is also in a desirable location across the street from Scottsdale Quarter and less than a mile from Kierland Commons with convenient freeway access.
Fairfield is a leading owner, developer, and operator of multifamily communities throughout the U.S. We manage approximately 40,000 units nationwide across luxury new construction, renovated apartment homes, and tax credit affordable housing in urban and suburban neighborhoods. We offer a fully integrated national multifamily services platform providing development, construction, renovation, asset and property management, and acquisition and disposition services to our investors. Fairfield operates nationwide with regional offices in Atlanta, Boston, Dallas, Denver and Washington, D.C. Fairfield Realty Advisors LLC is registered as an investment adviser with the U.S. Securities and Exchange Commission.