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Praedium Acquires 385-Unit MF in PHX’s North Valley
New York-based The Praedium Group acquired Liv North Valley, a 385-unit multifamily community in Phoenix’s growing North Valley submarket, for $90 million. Constructed in 2019, the community at 31113 N. North Valley Pkwy. will be rebranded as Nova North Valley.
The amenity-rich, pet-friendly community offers a high-end living experience with convenient access to Interstate 17 and the Loop 101 Pima Freeway. Liv North Valley also features modern finishes, luxury living spaces and market-leading amenities which reflect a focus on technology, sustainability, wellness and community. Homes have high quality interior finishes, including modern gourmet kitchens with GE Energy Star appliances, granite countertops, pendant lighting, and wood-style plank flooring.
Liv North Valley also incorporates many design features that are top-of-mind for architects and developers today to promote social distancing and incorporate healthy living. The property features numerous outdoor amenities including fitness stations, community garden, sports court, sand volleyball court, bark park, BBQ grill and lounge areas, and a saltwater heated pool and spa.
IPA’s Steve Gebing and Cliff David represented the seller and procured the buyer.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition

