Alliance Residential Phoenix Property Sells for $87M

Christiansen Ventures acquired Broadstone Uptown PHX, a 280-unit luxury multifamily community in Phoenix, for $87 million. Alliance Residential Company sold the property.

Completed by Alliance Residential in 2024, Broadstone Uptown PHX features a swimming pool and spa area with private cabanas and a pool house with a community kitchen and billiards table.

The resident clubhouse includes a cafe with lounge seating, a complimentary coffee bar, and a leasing office. A 24-hour, club-style fitness center has state-of-the-art weight training and cardio machines. Additional amenities include an outdoor ramada with 360-degree mister, ping-pong, firepits, yard games, barbecue grills, a dog park, electric charging stations and parcel package lockers.

Since its founding in 2000, Alliance Residential Company, headquartered in Scottsdale, has built or acquired more than 115,000 units nationwide, representing over $23 billion in invested capital.

CBRE’s Austin Groen, Matt Pesch, Asher Gunter and Sean Cunningham represented the seller. Troy Tegeler and CJ Connolly with CBRE’s Debt & Structured Finance team, arranged financing for the buyer.