Rockpoint and Related Group has sold Town Deer Valley, a class A luxury apartment community in Phoenix.
Rockpoint and Related, in partnership, acquired the Town Deer Valley site in February 2021 and developed the 18-acre site into 388 residential units across 19 three-story wood-framed garden-style buildings.
“Rockpoint's ownership chapter of Town Deer Valley represents our focus on address-level investing, in markets like greater Phoenix, where we have deep knowledge and experience. We believe our hands-on, vertically integrated approach ensures excellence and generates value for all our stakeholders,” said Aric Shalev, managing member and co-president at Rockpoint.
Modeled after a Mediterranean-style resort paradise,” Town Deer Valley features upscale architectural detailing, sleek finishes, and market-best amenities – including a state-of-the-art fitness center, on-site dog park, business lounge, and arts and crafts room. Residents also have access to