Rosewood Enters PHX Market, Acquires 283-Unit Jefferson Chandler
Rosewood Property Co. entered the Valley of the Sun with its acquisition of the 283-unit Jefferson Chandler from JPI. Both buyer and seller hail from the Dallas-Fort Worth area. Jefferson Chandler, which opened in 2018, is at 3950 W. Chandler Blvd. in Chandler, AZ, a southeast suburb of Phoenix. The property sold for $26.25 million.
“We are excited about our first acquisition in the Phoenix market, specifically the dynamic submarket of Chandler in the East Valley,” said Rosewood Property’s Rick Perdue. “Jefferson Chandler is a perfect example of our current focus on core-plus communities in high-growth markets.”
The apartment property offers studios, along with one, two and three-bedroom units. Community amenities include fitness center and bicycle storage, game room and clubhouse, a pet-play area and pet-washing station, car-charging station, pool with cabana and breakfast/coffee concierge.
Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.