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Fairfield Claims Newly Built Tempe MF for $73M

Fairfield Residential acquired Jefferson Town Lake, a 244-home, 1.6-acre luxury apartment community in Tempe from Irving, TX-based JPI, reportedly for $73 million. The property at 909 E. Playa Del Norte Dr. is one of only five multifamily communities located on the banks of Tempe Town Lake and was completed last year.

Unit floorplans include studio, one- and two-bedrooms, as well as penthouse apartments spread across the six- and seven-story building. Amenities include condominium-level finishes, nine-foot ceilings, wood-style flooring, balconies and gourmet kitchens featuring quartz countertops, gas stovetops, under-cabinet lighting and wine refrigerators. Community amenities include a rooftop terrace with lake views, a pool and spa deck, a state-of-the-art fitness center, an onsite convenience store kiosk, and a resident clubhouse.

The property at North Scottsdale Road and East Playa Del Norte Drive offers direct access to Loop 202 and is near corporate HQ’s of State Farm Insurance, Union Bank and JP Morgan, as well as within walking distance of ASU’s Tempe campus.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency integrated marketing communications roles. He is responsible for Connect’s client content operations and public relations strategy. He is involved in a range of initiatives ranging from content strategy, message development, copywriting, Social Media and content marketing services. Dennis’s communications background in the real estate industry includes working with many of the top real estate firms – from brokerage companies, developers, homebuilders, investors, owners, lawyers, asset advisors, lenders, architects and property management firms. • Marketed more than 1 Billion Square Feet of Office Space • 70,000 Multifamily/Condo Units • 15,000 Single Family Homes • 30 Million Square Feet of Retail Space • Representing Roughly $100 Billion in Investment In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. Dennis’s agency background on integrated communications teams at many reputable agencies and has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. He formerly was President of the Public Relations Society of America’s Los Angeles of public relations professional, and served on the Board of Directors. He also taught a public relations extension course at Loyola Marymount University. Dennis’s has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements.

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