April 20, 2024 3:01 am
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Scottsdale community trades for $51M

Image via Google, courtesy of Scottsdale Horizon

By Evelina Croitoru | Multi-Housing News

In a $51 million deal, San Diego-based real estate investor and operator MG Properties Group (MGPG) has acquired Scottsdale Horizon Apartments in Scottsdale, Ariz. The property was sold by Alliance Residential Co., according to Yardi Matrix.

Located at 9259 E. Raintree Drive, the 330-unit apartment community completed in 1986 features one- and two-bedroom floorplans renovated with upgraded appliances, cabinets, flooring and granite countertops. Amenities include a fitness center, clubhouse, two swimming pools with spas, outdoor lounge, a barbeque area and 531 parking stalls. Scottsdale Horizon also offers convenient access to the 101 Freeway and Scottsdale Airpark, the second largest employment submarket in metro Phoenix.

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