Seattle-based Goodman Real Estate is expanding its Arizona footprint with the acquisition of a luxury apartment complex in Scottsdale. The newly acquired Scottsdale on Main adds 119 upscale apartments in Scottsdale’s sought-after Old Town district.
Goodman Real Estate Acquires New Multifamily Project
Goodman Real Estate announced its acquisition of the latest Scottsdale property on October 13. According to PRNewswire, the acquisition underscores the competitive nature of Old Town Scottsdale’s luxury housing market.
It also strengthens the firm’s local presence and points to growing demand for multifamily housing in the area.
Known for its top-tier multifamily properties, GRE’s latest purchase marks an expansion of its commitment to investing in the Arizona market.
High-End Amenities at the Luxury Complex
The luxurious Scottsdale on Main is based in the center of Main Street in Downtown Scottsdale. A well-thought-out property, it offers tenants access to the surrounding Scottsdale area. Residents can find multiple retail and dining options near the community.
Amenities include an outdoor kitchen, fitness center, and year-round pool. The community also features a resort-style entertainment lounge. GRE further plans to add a sauna and spa during its upgrades and renovations in the next few months.
A Step Ahead in Goodman’s Southwest Expansion
Goodman Real Estate envisions acquiring premier properties in crucial metropolitan markets in the Southwest. Scottsdale on Main advances GRE’s plan with a fitting location and premier amenities.
The deal also reflects the Greater Phoenix housing market’s continued appeal to major investors and its role in driving local development.
About Goodman Real Estate
The privately held real estate investment firm has offered multifamily and commercial real estate solutions since 1990. Headquartered in Seattle, GRE manages more than 10,000 residential units nationwide.
GRE offers services in risk-adjusted investments, office and retail buildings, structured investments, multifamily construction, and land development. These investments bring GRE’s total managed assets to more than $3.2 billion.
The acquisition of Scottsdale on Main reinforces Goodman Real Estate’s growing presence in Arizona and its focus on high-quality multifamily developments.
