X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.