Leon Multifamily has sold Soltra Kierland, a 202-unit core multifamily community located in North Scottsdale, Ariz., to a private investor for $107.5 million.
“The success of Soltra Kierland is a testament to the strong demand for highly amenitized apartments in North Scottsdale,” said Blake Schroeder, executive managing director at Leon Capital Group. “Soltra Kierland sets a new standard for luxury apartments in the submarket. It is further evidence of Leon Multifamily’s commitment to delivering best-in-class communities, as we continue to be very active across the Sun Belt region.”
CBRE negotiated the sale of Soltra Kierland on behalf of Leon Multifamily.
Completed in 2024, Soltra Kierland is a 5-over-2 podium construction with amenities and custom home-level unit interiors. The community’s resort-inspired pool area has a spa, sunning decks, fire features, barbecue grills, cornhole grotto and an entertainment deck with seating connected to the resi
