SCOTTSDALE, AZ – JLB Partners has sold the 369-unit multifamily property, The Moderne, in Scottsdale, AZ for $260 million.
The transaction represents the largest single-asset core multifamily sale in Arizona's history, with a sales price that equates to $704,607 per unit.
The Moderne offers residents a resort-style pool and spa, a resident clubhouse, wellness center, electric car charging stations, private garages and a leasing office. The property's units features nine-foot-plus ceiling heights, in-unit washers and dryers, hardwood flooring, walk-in closets with custom wood shelving and private patios. Select units feature integrated desks and bookshelves, built-in wine racks, pass-through laundry chutes, and private yards.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
