Harbor Group International has purchased Luxe Scottsdale, a 218-unit Valley apartment community, for $65.6 million.
HGI, based in Norflolk, Virginia, will contribute $418,000 to the property to modernize common area amenities, improve curb appeal, and add technology packages to the units.
“We look forward to expanding our Phoenix portfolio with a high-quality asset located in a desirable and growing submarket,” said Greg Heller, senior vice president of acquisitions at HGI, in a statement.
Sold by Irvine, California-based Passco Cos., the property was built in 2015.
