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Real estate
Phoenix apartment complex bought by Washington company
Gables Residential
Desert Club Apartments in northeast Phoenix was sold to a Washington company for an undisclosed amount.
Posted
Independent Newsmedia
A Washington-based apartment complex owner has bought a 497-unit Phoenix complex.
Kirkland, Washington-based Weidner Apartment Homes paid an undisclosed amount for the Desert Club Apartments, 6901 E. Chauncey Lane just east of the Phoenix-Scottsdale border.
The property features primarily garden-style units in 21 two- and three-story buildings on the more than 21-acre site. It was built in 2004. The average unit size is 983 square feet among the one-, two- and three-bedroom models, the company said in a press release.
The community has seen several recent renovations for modernized common areas and apartment interiors.
Weidner has apartment complexes in 13 states, including Arizona, and four Canadian provinces.
