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SCOTTSDALE, AZ- Equity Residential Trust has continued its area sell-off, disposing of the 168-unit Scottsdale Meadows for $20.6 million. Buyer Aukum Management LLC of Larkspur, CA, has entered the region with this transaction.

Scottsdale Meadows was built in 1984 at 10888 N. 70th St. and according to Brad Goff with Apartment Realty Advisors, the property attracted 22 offers. “The reason is because that’s what everyone is looking for, a B property in an A location,” Goff tells GlobeSt.com. “That brings a lot of buyers because there’s little restriction in terms of location relative to rental rates.”

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