Olympus Property acquires Trailside Apartments in Flagstaff
Olympus Property recently completed the acquisition of Trailside Apartments, a 111-unit apartment community built in 2020 and situated in Flagstaff, Ariz. Olympus currently owns and operates Mountain Trail Apartments, also built by Chason Affinity Companies, less than one mile from Trailside.
"Trailside is an opportunity for Olympus to expand our footprint in an extremely supply-constrained market with exceptional fundamentals," said Chase Bennett, executive managing director at Olympus Property. "As owners of Trailside's sister property, Mountain Trail, Olympus is confident that our team will enhance the property's operations upon takeover and achieve the same operational success as seen at Mountain Trail."
Trailside Apartments benefits from its desirable location, situated near Interstate 40/Route 66, providing residents seamless access to crucial economic centers within the city. The area boasts a network of more than 1,000 businesses and a workforce of 42,900 pred