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4/18/25
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Christiansen Ventures LLC acquired Broadstone Uptown PHX, a 280-unit luxury multifamily community in Phoenix, for $87 mil ($310.7k/unit). The seller was Alliance Residential Company.
Completed by Alliance Residential in 2024, Broadstone Uptown PHX amenities include a resort-style swimming pool and spa area with private cabanas and a pool house featuring a community kitchen and billiards table. The resident clubhouse includes a cafe with lounge seating, a complimentary coffee bar, and a leasing office.
A 24-hour, club-style fitness center has state-of-the-art weight training and cardio machines. Additional amenities include an outdoor ramada with 360-degree mister, ping-pong, firepits, yard games, barbecue grills, a dog park, electric charging stations and parcel package lockers.
The community’s unit interiors feature nine-foot ceilings, quartz countertops in the kitchen and baths with under-mount sinks and designer fixtures, wood-style flooring, full-size washer and dryer, illuminated vanity mirrors, ceiling fans with light kits and keyless entry. Gourmet kitchens have energy-efficient stainless-steel appliances, a five-burner gas cooktop, pendant lighting, modern two-toned cabinetry with matte black hardware, and custom tile backsplash.
Additional luxury amenities in select units include slide-out recycle and trash receptacles, desk nooks and mudroom entry, spacious walk-in closets, double sink vanities, Slate appliances, wine fridges, Sonos sound system and 10-foot ceilings on the top level.
Broadstone Uptown is located in the heart of the Uptown submarket within walking distance of dozens of restaurants, nightlife destinations, and the iconic Uptown Plaza shopping center. A light rail station is steps from the community’s front door and affluent neighborhoods north of Broadstone Uptown are lined with multi-million-dollar homes.
CBRE's Austin Groen, Matt Pesch, Asher Gunter and Sean Cunningham represented the seller in the transaction. Troy Tegeler and CJ Connolly with CBRE's Debt & Structured Finance team, arranged financing for the buyer.
Headquartered in Scottsdale, Alliance Residential Company has built or acquired more than 115,000 units nationwide representing over $23 bil in invested capital since their founding in 2000.
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