The District at Scottsdale KKR has acquired The District at Scottsdale, a 332-unit Class A property in Scottsdale, Arizona. The purchase expands the company’s portfolio in the greater Phoenix area to more than 2,600 units valued at approximately $ 650 million. In the past 10 months, KKR has invested approximately $ 1.2 billion in luxury real estate in high-growth markets in the United States. According to Yardi Matrix data, F&B Capital was the seller of the asset built in 2019. The District at Scottsdale is located at 15446 N. Greenway-Hayden Loop, adjacent to the Scottsdale Quarter and Kierland Commons. The two-building residential complex with one and two-room apartments and penthouses includes a fitness center, business center, clubhouse, swimming pool and spa as well as 1,121 parking spaces. The four-storey buildings have sales areas on the ground floor. RPM Living will continue to manage The District in Scottsdale with plans to expand in the Southwest. In October, RPM teamed up with Maverick Residential and added 1,750 new units to its portfolio. The deal came after RPM entered the Arizona market last December to take over the management of a luxury condominium community in Scottsdale.
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