The 240-unit property, known as Liv North Scottsdale, sold for $145 million. Steve Gebing, with Institutional Property Advisors, attributes the high unit price to the desirability of the location, “Often referred to as the Beverly Hills of the Desert, Scottsdale is committed to attracting and retaining top-tier employers and creating lifestyle amenities for its residents, which has resulted in sky-rocketing in-migration and exceptional quality of life.”

Located at the intersection of Scottsdale Road and Greenway Hayden Loop puts it within walking distance of Scottsdale Quarter and Kierland Commons. Besides standard amenities such as a resort-style pool, outdoor kitchen and barbecue grills, residents also receive access to rentable storage units and covered parking.