Wood Partners has sold Alta Midtown, a 225-unit apartment complex in Midtown Phoenix, to FSC Realty for $52 million.
Developed in 2017, Alta Midtown has a mix of stylishly designed apartment homes with contemporary interiors and nine-foot or taller ceilings. Community amenities include a resort-inspired pool and spa, a rooftop lounge, and an on-site beer garden.
The property is near Phoenix’s downtown, Midtown and Biltmore areas and some of the Valley’s most historic neighborhoods. Five of the Valley’s most prestigious employment corridors, including the Central Avenue Office Corridor, Downtown Phoenix, and the Camelback Corridor are within 10 miles of the property. The Central Avenue and Thomas Road Valley Metro light rail station, which provides direct access to Downtown Phoenix, Downtown Tempe and Mesa, is a half-mile away.
Steve Gebing and Cliff David, senior managing directors at Institutional Property Advisors (IPA), a division of Marcus & Millic
