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Phoenix & Southwest  + Phoenix  + Apartments  | 

District at Scottsdale Grows KKR’s Footprint

KKR recently acquired The District at Scottsdale, a 332-unit class-A residential building. Constructed in 2019, The District in Scottsdale is located in Scottsdale’s lifestyle hub, directly adjacent to the dining, shopping and entertainment options of Scottsdale Quarter and Kierland Commons. RPM Living will continue to manage the property.

The purchase grows KKR’s residential real estate footprint in the Phoenix metropolitan area to more than 2,600 units and approximately $650 million. Including The District at Scottsdale, KKR has acquired approximately $1.2 billion of class-A apartments for its core-plus real estate strategy during the last 10 months with a focus on high-growth U.S. markets.

“The District at Scottsdale is well-positioned with a great location and world-class amenities, supporting Phoenix’s continued growth as a leading destination to live and work,” said Michael Friedland, managing director at KKR.


Inside The Story

Michael Friedland

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

  • ◦Sale/Acquisition