Rockpoint, Related Group JV announce $131.1M ($338k/unit) sale of 388-unit class A apartments in Phoenix, Town Deer Valley, to Goodman

1/17/2025

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IREI

• Subcategory: MF: Market Rate

• Tag: JV-Partnership | Sale

• Additional Filters-Subcategory: MF: Garden

• Additional Filters-Tags: Sale: Investment, Sale: Single Property

• Company: Rockpoint, Related Group

Rockpoint and Related Group has sold Town Deer Valley, a class A luxury apartment community in Phoenix. Rockpoint and Related, in partnership, acquired the Town Deer Valley site in February 2021 and developed the 18-acre site into 388 residential units across 19 three-story wood-framed garden-style buildings.