The District at Scottsdale, a 332-unit Class A apartment complex, has been sold for $161.5 million, according to Vizzda.
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Kohlberg Kravis Roberts & Co. (KKR) was the seller. Fairfield Residential was the buyer.
Built in 2018 on 4.9 acres at 15446 N. Greenway Hayden Loop in Scottsdale, the property includes a four-story residential building totaling 382,378 square feet. It features high-end amenities, including a multi-level 8,000-square-foot clubhouse, 5,000-square-foot fitness center, 112,592-square-foot parking structure, professional golf simulator and courtyards with hammocks.
The District in Scottsdale is located in the heart of Scottsdale’s premier lifestyle hub, directly adjacent to the dining, shopping and entertainment options of Scottsdale Quarter and Kierland Commons.