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MULTIFAMILY NEWS
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330-Unit AZ Multifamily Community Trades Hands

7/05/23

The Aston Scottsdale, a 330-unit property in Scottsdale, AZ, was acquired by The Connor Group for an undisclosed amount. The luxury property, located at 8688 East Raintree Dr, was sold by Wood Partners.

Previously known as Alta Raintree, the property features best-in-class finishes, modern design units and amenities, including a resident clubhouse, a state-of-the-art fitness center and a pool area.

Based in Ohio, this is the first multifamily community The Connor Group has acquired in the Phoenix metro. The company has over $4 bil in assets and operates in 18 markets nationwide.
CBRE’s Asher Gunter, Matt Pesch, Sean Cunningham and Austin Groen represented the seller in the deal. The price was not disclosed.

“This is a significant transaction in Phoenix this year and is a strong indicator of the market’s desirability,” said Gunter. “Not only is Phoenix a growing market based on recent population and job growth statistics, the multifamily fundamentals in the area, particularly in Scottsdale, are excellent as well.”





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