Goodman Real Estate (GRE), a leading Seattle-based real estate investment firm, today announced its acquisition of a premier luxury apartment community in Scottsdale, Arizona. The 119-unit property was acquired in a significant transaction The acquisition of this generational asset highlights the high barrier to entry in the coveted Old Town Scottsdale market, reinforcing our position while emphasizing the exceptional value and desirability of multifamily properties in the region.
The acquisition marks a strategic expansion for Goodman Real Estate within the thriving Arizona market. Known for its portfolio of high-quality, well-located multifamily properties, GRE’s purchase of this prominent Scottsdale community highlights its commitment to investing in high-growth areas.
Nestled in the heart of Main Street in Downtown Scottsdale, Scottsdale on Main is ideally situated, offering residents exceptional amenities and immediate access to the vibrant culture, dining, and retail of the surrounding Scottsdale area. The property features an exceptional selection of resort-inspired amenities, including an expansive outdoor kitchen and lounge perfect for entertaining, an expansive fitness center, year-round outdoor pool, and more—capturing the essence of luxurious Scottsdale living. Goodman Real Estate is committed to enhancing the community further by introducing a luxurious sauna and spa as part of planned renovations and upgrades in the coming months.
“Scottsdale on Main is a perfect fit for our vision—well-located, amenity-rich, and full of potential. We’re proud to bring the Goodman standard of excellence to this dynamic community,” said Kelli Jo Norris, President of Goodman Real Estate.
This transaction reinforces the strength of the luxury multifamily market in Scottsdale, which continues to attract discerning residents and savvy investors. Goodman Real Estate is recognized for its hands-on management approach and its focus on enhancing the resident experience through thoughtful capital improvements and operational excellence.
The addition of this asset strengthens Goodman Real Estate’s presence in the Southwest and aligns with its long-term strategy of acquiring premier properties in key metropolitan markets. The firm’s expertise in property management and value-add investment strategies will ensure the community continues to deliver an exceptional standard of living.
“This community is a remarkable addition to our expanding portfolio in the Arizona market. We are excited to continue exploring strategic investment and growth opportunities in the region, reinforcing our commitment to being an integral part of this thriving and dynamic community,” said John Goodman, Founder of Goodman Real Estate.
This sale underscores the strength and resilience of the Greater Phoenix housing market, highlighting its strategic positioning for sustained growth. As the region continues to attract forward-thinking investors, it reinforces a commitment to supporting local communities and fostering their ongoing development and growth.
Special thanks to Steve Gebing and Cliff David of Institutional Property Advisors for their support in brokering this transaction.
