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Knightvest Capital has acquired Accolade, a 548-unit apartment community in Arizona for $155 million from Weidner Apartment Homes. The sale is among the top five largest transactions in Arizona history by total purchase price.

Accolade is in a prime location. The property is on 28 acres at the intersection of Bell Road and Central Avenue in Phoenix, making it accessible to the most frequently traveled freeways, Interstate 17, Loop 101, and State Route 51. It is located near several major employers, including Honeywell, Blue Cross Blue Shield, Waste Management of Arizona, Wells Fargo, USAA, Discover Financial Services, Cox Communications and PetSmart, and only four other apartment communities have been built in the area since 2010.

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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