Sares Regis Multifamily Funds has sold Sedona Ridge, a 250-unit, garden-style multi-housing community in Phoenix. The financial terms and new owner were not disclosed.
Sedona Ridge comprises one-, two- and three-bedroom units averaging 941 square feet. Apartments feature spacious floor plans, a full-size washer and dryer, and private balcony or patio. Select units also feature bay windows, nine-foot or vaulted ceilings, and fireplaces. The community has two swimming pools and spas, a newly renovated fitness center, sand volleyball court, detached garages, dog park, package locker system, outdoor picnic area and a clubhouse.
Located at 5010 E. Cheyenne Drive, Sedona Ridge is in the Ahwatukee Foothills, which is the southernmost village in the city of Phoenix. Nestled on the southside of South Mountain Park, Ahwatukee is one of the most desirable communities in the metro area with strong demographics, access to major employment corridors, great schools and lifestyle amen
