PHOENIX, September 9, 2021 – JLL Capital Markets announced today that the sale of Sedona Ridge, a garden-style apartment building of 250 units in Phoenix, Arizona, has been completed. JLL marketed the property on behalf of the owner Sares Regis Multifamily Funds. An unknown buyer has bought the property. Sedona Ridge includes one, two, and three bedroom units averaging 941 square feet. The apartments have spacious floor plans, a large washing machine and dryer, and a private balcony or terrace. Select units also have bay windows, 2.70 m high or vaulted ceilings, and fireplaces. The community has two swimming pools and spas, a newly renovated fitness center, sand volleyball court, detached garages, a dog park, locker system, an outdoor picnic area, and a clubhouse. Sedona Ridge is located at 5010 East Cheyenne Dr. in the Ahwatukee Foothills, the southernmost village in the city of Phoenix. Located on the south side of South Mountain Park, Ahwatukee is one of the most desirable communities in the valley with heavy demographics, access to major employment corridors, great schools and lifestyle amenities. JLL Capital Markets’ Investment Sales Advisory team, representing the seller, was led by Director Mike Higgins and Managing Directors John Cunningham and Charles Steele. JLL Capital Markets is a global full-service provider of capital solutions for real estate investors and users. The company’s in-depth local market and global investor knowledge provides the best solutions for clients – whether it’s investment and advice, debt advice, equity advice or recapitalization. The company has more than 3,000 capital market specialists worldwide with branches in almost 50 countries. JLL offers multi-housing investors a full range of solutions through a diverse, integrated platform. The division employs around 400 professionals who offer comprehensive investment sales and disposition services and have access to thousands of domestic and foreign investors. JLL is also one of the nation’s largest affordable and conventional multi-family and senior housing lenders with extensive loan origination, asset management and loan servicing capabilities. Agency / GSE lending and loan services are operated by JLL Real Estate Capital, LLC, a wholly-owned indirect subsidiary of Jones Lang LaSalle Incorporated. Loans made or arranged in California are subject to a California Finance Act license. For more JLL news, videos, and research resources, please visit our newsroom. Disclaimer Jones Lang LaSalle Inc. published this content on 09.09.2021 and is solely responsible for the information contained therein. Published by Public, unedited and unchanged, on September 09, 2021 19:31:02 UTC.
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