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1/24/25
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Marquis at Desert Ridge, a 370-unit Class A multifamily community located in the Desert Ridge neighborhood in north Phoenix, was acquired by IMT Capital, a Los Angeles-based privately held real estate investment firm, together with IMT Residential, its affiliated property management company. The new ownership will rebrand the property as IMT Desert Ridge.
Built in 2014, the Marquis at Desert Ridge features one- and two-bedroom units with select upgrades, including wood-style plank flooring, quartz countertops in the kitchen and baths, stainless steel appliances, custom cabinetry with brushed nickel hardware, full-size washer, and dryer, 9-to 14-foot ceilings, open-concept floor plans and private balcony or patio.
The community's luxury amenities include a resort-style swimming pool and spa area with an expansive sundeck lounge and cabanas, outdoor kitchen and grill stations, a 24-hour fitness center, a resident clubhouse with an entertaining kitchen, a billiard room and a business center.
CBRE's Asher Gunter, Matt Pesch, Sean Cunningham and Austin Groen represented the seller, a national multifamily investor and operator. According to research from CBRE, Metro Phoenix is one of the top-performing multifamily demand markets in the country, with more than 26,000 units of absorption in 2024.
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