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REA
February 28, 2018  

UBS Lists Value-Added Ariz. Rentals

UBS Asset Management is pitching a Phoenix-area apartment complex as a value-add play.The 736-unit Dakota at McDowell, in Scottsdale, Ariz., is valued at roughly $150 million, or $204,000/unit. CBRE is representing UBS.The complex, on a 54-acre site at 16356 North Thompson Peak Parkway, is the only multi-family property in McDowell Mountain Ranch, a 3,200-acre master-planned community featuring schools, parks and desert landscapes. The average...


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