{"id":1004125277,"date":"2015-08-13T11:24:14","date_gmt":"2015-08-13T19:24:14","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=357650"},"modified":"2020-05-11T21:08:44","modified_gmt":"2020-05-12T05:08:44","slug":"scottsdale-apartment-community-dwells-under-new-ownership","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/scottsdale-apartment-community-dwells-under-new-ownership\/","title":{"rendered":"Scottsdale Apartment Community Dwells under New Ownership"},"content":{"rendered":"

By Liviu Oltean, Associate Editor<\/em><\/p>\n

A multifamily community in South Scottsdale has proven to be the perfect fit for the portfolio of a local investor, as Cushman & Wakefield<\/strong><\/a> recently announced the sale of the Dwell Apartment Homes in Scottsdale, Ariz.<\/p>\n

\"Dwell<\/a><\/p>\n

Dwell Apartment Homes<\/p>\n<\/div>\n

Dwell Apartment Homes was purchased for $14.3 million by 3rd<\/sup> Ave. Investments of Phoenix, which acquired two other multifamily communities in the region earlier this year. The seller was Fowler Property Acquisitions<\/strong><\/a>, which closed on the asset for $8.9 million in 2012.<\/p>\n

The 193-unit property is located at 1923 N. 70th St. and features studio, one- and two-bedroom apartments. The list of amenities include a tennis court, three swimming pools, laundry facilities, and 285 parking spaces. According to the announcement, Dwell Apartment Homes was developed initially as two separate projects in 1963 and 1975, but these were later unified as one apartment complex.<\/p>\n

\u201cThis community offers a modest interior rehab opportunity in an up-and-coming transitional neighborhood in South Scottsdale that synergizes with SkySong and the renaissance of the McDowell Road Corridor,\u201d Jim Crews, senior director with Cushman & Wakefield, said in a prepared statement.<\/p>\n","protected":false},"excerpt":{"rendered":"

A multifamily community in South Scottsdale has proven to be the perfect fit for the portfolio of a local investor<\/p>\n","protected":false},"author":1158,"featured_media":1004505638,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1601],"tags":[],"class_list":["post-1004125277","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-phoenix"],"acf":[],"yoast_head":"\nScottsdale Apartment Community Dwells under New Ownership - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/scottsdale-apartment-community-dwells-under-new-ownership\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Scottsdale Apartment Community Dwells under New Ownership\" \/>\n<meta property=\"og:description\" content=\"A multifamily community in South Scottsdale has proven to be the perfect fit for the portfolio of a local investor\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/scottsdale-apartment-community-dwells-under-new-ownership\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-08-13T19:24:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-12T05:08:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Dwell-Apartment-Homes.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Liviu Oltean\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/scottsdale-apartment-community-dwells-under-new-ownership\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/scottsdale-apartment-community-dwells-under-new-ownership\\\/\"},\"author\":{\"name\":\"Liviu Oltean\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/a12696609e74785a9cb5f8f7eae8bbd0\"},\"headline\":\"Scottsdale Apartment Community Dwells under New Ownership\",\"datePublished\":\"2015-08-13T19:24:14+00:00\",\"dateModified\":\"2020-05-12T05:08:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/scottsdale-apartment-community-dwells-under-new-ownership\\\/\"},\"wordCount\":188,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/scottsdale-apartment-community-dwells-under-new-ownership\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/Dwell-Apartment-Homes.jpg\",\"articleSection\":[\"News\",\"Phoenix\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/scottsdale-apartment-community-dwells-under-new-ownership\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/scottsdale-apartment-community-dwells-under-new-ownership\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/scottsdale-apartment-community-dwells-under-new-ownership\\\/\",\"name\":\"Scottsdale Apartment Community Dwells under New Ownership - 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