San Antonio-based, Kairoi Residential makes AZ debut with $164.4M ($442,191/unit) acquisition of the 365-unit, Carter in Scottsdale

  • 6/5/2024

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Phoenix Business Journal

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Carter, a 365-unit luxury apartment community on 4.53 acres in Scottsdale, has sold for $161.4 million in cash, according to Tempe-based Vizzda LLC. Selling for $442,191.78 a unit on June 3, this transaction represents the largest sale of the year. The property, built in 2018, was 94% occupied at the time of closing. A venture between San Antonio-based Kairoi Residential and German American Realty paid cash to an entity tracing to EQT Exeter, according to Vizzda.

Kairoi Residential
Madison Marceau | President, Acquisitions

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