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.

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