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Arte Moreno pays $125M ($494k/unit) in cash for Cortland Biltmore luxury apartments — highest price so far this year

  • 3/25/2026

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Phoenix Business Journal

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Highlights
2727 LLC bought Cortland Biltmore for $125 million in cash
The transaction represents the most expensive apartment sale this year
Metro Phoenix apartment sales reached $630 million during the quarter, according to one expert

Cortland
Jason Kern | President, Investment Management
[email protected]
470-440-8539
Cortland
Michael Kolshak | EVP, Investments, Co-Portfolio Manager, Value Add Fund
[email protected]
720-758-9266

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