Wood Residential Services to Manage Phoenix Community
- Jul 15, 2020
The Statesman Group has selected Wood Residential Services to manage Montreux, a recently completed, 335-unit community in Phoenix. The asset joins a portfolio handled by Wendi Cooley, regional vice president at WRS.
Montreaux comprises one-, two- and three-bedroom apartments, with smart-home features and washer/dryer units. Common-area amenities include two swimming pools, tennis court, clubhouse, business and fitness centers, as well as underground parking and an on-site golf simulator. According to Yardi Matrix, the property has 542 parking spaces.
Located at 5550 E. Deer Valley Drive, on approximately 9 acres, the three-building asset is just off State Route 101 and 2 miles from State Route 51. The community is 2 miles from Mayo Clinic Hospital and a 90-acre American Express campus. The surrounding area has several retail and dining options, including Desert Ridge Marketplace, which is within 1 mile of Montreux. Downtown Phoenix is 20 miles from the community.
Also in the city, Pennybacker Capital recently acquired The Osborn in Phoenix, a 302-unit property, for $42 million.