Goodman Real Estate Expands Portfolio with Luxury Scottsdale Community Acquisition
Goodman Real Estate (GRE), a seasoned player in the multifamily apartment industry, has strategically bolstered its portfolio with the acquisition of a luxury 119-unit apartment community in the heart of Scottsdale, Arizona. This move signifies not just an expansion within the Arizona market for GRE, but also underlines the attractiveness and competitiveness of the Old Town Scottsdale area where the property, known as Scottsdale on Main, is located.
In seizing this prime real estate opportunity, Goodman Real Estate consolidates its position in a market with a high entry barrier, underscoring the multifamily segment’s allure to both residents and investors in the region. This acquisition is a testament to GRE’s discerning focus on high-quality, well-situated properties that cater to the demands of high-growth areas.
Featuring a wealth of resort-like amenities, such as an outdoor kitchen and lounge, a comprehensive fitness center, and a year-round outdoor pool, Scottsdale on Main presents the epitome of luxury living that is characteristic of Scottsdale. GRE’s enhancement plans, including the addition of a sauna and spa, reflect the firm’s commitment to continual improvement and the Goodman standard of excellence that President Kelli Jo Norris alludes to, “Scottsdale on Main is a perfect fit for our vision—well-located, amenity-rich, and full of potential. We’re proud to bring the Goodman standard of excellence to this dynamic community.”
Such upgrades align with the company’s hands-on management approach, emphasizing operational excellence and resident satisfaction. With its proficiency in property management and value-add investment strategies, Goodman Real Estate ensures the sustained delivery of a superior standard of living that aligns with its long-term strategic goals.
The fortification of GRE’s presence in the Southwest by this acquisition is a clear indication of the Greater Phoenix housing market’s vitality and resilience. As the company continues to scout for strategic investment and growth opportunities, Founder John Goodman’s enthusiasm is evident, “This community is a remarkable addition to our expanding portfolio in the Arizona market. We are excited to continue exploring strategic investment and growth opportunities in the region, reinforcing our commitment to being an integral part of this thriving and dynamic community.”
The transaction comes at a time when the multifamily market in Scottsdale is increasingly appealing to discerning residents and investors, paving the way for sustained growth in the region while fostering the ongoing development of local communities.