The Praedium Group has acquired Liv North Valley in Phoenix. It will be rebranded as Nova North Valley.
Constructed in 2019, Liv North Valley is a 385-unit multifamily community in Arizona’s North Valley, a growing submarket in Phoenix that continues to see growth due to its proximity to job opportunities, major thoroughfares, retail offerings and top-rated schools. Growth in the area where Liv North Valley is located is expected to continue, and the greater Phoenix metro area has been recognized by the U.S. Census Bureau as one of the fastest growing metros in the country, averaging 2.8 percent year-over-year growth between 2010 and 2019, nearly double the national average of 1.6 percent for the same period.
“The North Valley submarket continues to attract significant investment from public and private parties, and we have confidence in the area's continued growth prospects,” said Peter Calatozzo, principal of The Praedium Group. “Major infrastructure improvem
