Comment on Virginia investor acquires Scottsdale apartment complex

Virginia investor acquires Scottsdale apartment complex

Harbor Group International has purchased Luxe Scottsdale, a 218-unit Valley apartment community, for $65.6 million. HGI, based in Norflolk, Virginia, will contribute $418,000 to the property to modernize common area amenities, improve curb appeal, and add technology packages to the units.  “We look forward to expanding our Phoenix portfolio with a high-quality asset located in a desirable and growing submarket,” said Greg Heller, senior vice president of acquisitions at HGI, in a statement. Sold…

 

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