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May 25, 2020
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Chicago-Based Investment Entity Spends $26 Mil on AZ Apartment Community


Tatum Investment Partners LLC, an entity formed by Chicago-based Rockwell Partners, paid $26.15 mil for Tatum Place, a 164-unit ($159.5k/unit), Class B apartment community in Scottsdale, AZ. The property is centrally located at 16801 N. 49th St, east of the southeast corner of Tatum Blvd and Bell Rd on 49th St.

The community offers a mix of one- and two-bedroom floor plans at an average size of 814 sf. Each apartment features nine-foot ceilings, all-electric kitchens, washer/dryers in units, patios/balconies, wood-style flooring (in updated units) and walk-in closets. In addition, Tatum Place offers its residents a brand new state-of-the-art fitness center, two swimming pools, poolside clubhouse, outdoor barbecue grills, covered parking, gated access, fire pit by main pool and free WiFi.

“Tatum Place is Rockwell Partners’ first acquisition in the Phoenix market. They were attracted to Tatum Place because of its excellent location and by the potential to add value by upgrading unit interiors and common area amenities,” said Fogler.

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