|Image shows property prior to completed construction|
Passaco Companies of Irvine, California purchased the Alta Scottsdale Apartments last Tuesday from Wood Partners for just under $54 million. The sale was funded by a loan of nearly $33 million with Fannie Mae, originated through KeyBank.
Built in 2014, this 218-unit gated apartment complex features one, two, and three-bedroom floorplans in two four-story buildings. This property was previously purchased by Wood Partners as a two-story office building in 2013, prior to its demolition and Alta Scottsdale's construction.
Vizzda subscribers: click here for the full report.
Would you like complete history and contacts? Vizzda has it!
Contact us for more information.