Goodman Real Estate (GRE), a Seattle-based investment firm, has purchased the 119-unit Scottsdale on Main Apartments in downtown Scottsdale, Arizona. The deal underscores the high entry barrier in Old Town Scottsdale and affirms GRE’s focus on premium multifamily assets in high-growth markets.
The acquisition expands GRE’s presence in Arizona, a region known for its robust luxury rental demand. Scottsdale on Main sits on Main Street, offering residents easy access to the city’s dining, shopping, and cultural scene. The complex already boasts resort-style amenities—including a large outdoor kitchen and lounge, a full-size fitness center, and a year-round pool. GRE plans to add a sauna and spa in the upcoming renovations to elevate the living experience.
“We’re thrilled to bring the Goodman standard of excellence to this well-located, amenity-rich community,” said Kelli Jo Norris, President of GRE. “Scottsdale on Main aligns perfectly with our vision for high-quality, high-potential properties.”
The transaction reinforces the strength of Scottsdale’s luxury multifamily market, which continues to attract discerning tenants and savvy investors. GRE’s hands-on management and commitment to capital improvements are expected to enhance resident satisfaction and property value.
John Goodman, Founder of GRE, added, “This addition strengthens our Southwest footprint and supports our long-term strategy of acquiring premier assets in key metropolitan areas. We look forward to further growth opportunities in Arizona.”
The sale highlights the resilience of the Greater Phoenix housing market and its appeal to forward-thinking investors. GRE’s expertise in property management and value-add strategies will help maintain the community’s high standards.
Special thanks to Steve Gebing and Cliff David of Institutional Property Advisors for facilitating the transaction.
About Goodman Real Estate: Founded in 1990 by John Goodman, GRE is a privately held, full-service real estate investment company specializing in multifamily and commercial properties. Headquartered in Seattle, the firm manages over 10,000 residential units nationwide, with assets valued at more than $3.2 billion across multifamily, construction, hotels, office, retail, land development, and structured investments.
