Stockdale Obtains $72M Loan for Phoenix Community
The debt finances a recent acquisition.
Stockdale Capital Partners has obtained a $72.3 million permanent loan for Quincy at Kierland, a 266-unit luxury community in Scottsdale, Ariz. The debt finances the recent acquisition of the asset.
Nuveen provided the five-year, floating-rate loan. Institutional Property Advisors brokered the deal.
The firm had acquired the community in an all-cash deal in the fourth quarter of last year. The company paid $110.3 million for the asset to Embrey Partners.
Located at 15826 N. Scottsdale Road, the six-story building completed in 2024 is close to the Scottsdale Quarter shopping mall and Scottsdale Airport. Downtown Phoenix is within 21 miles.
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The mid-rise comprises one- and two-bedroom floorplans ranging from 637 to 1,382 square feet. Apartments have walk-in closets, with select layouts also featuring private balconies or patios.
Common-area amenities include a swimming pool and spa, fitness center and yoga room, resident lounge and coffee bar. The community also has a game room and event space, fireside lounge, conference center and private workspaces, as well as EV charging stations.
IPA Senior Managing Director Cameron Chalfant, Managing Director Jesse Zarouk and Executive Managing Director Brian Eisendrath arranged the financing.
Stockdale Capital Partners manages about $3 billion gross in assets on behalf of several discretionary, comingled closed-end and open-ended funds. In October, the firm also purchased Amelia at Farmer’s Market, a 297-unit property in downtown Dallas.
Phoenix multifamily sales continue to increase
Multifamily sales in Phoenix clocked in at $4.3 billion last year, from the 86 communities—17,798 units—that changed hands, according to Yardi Matrix data. This figure marks a considerable increase from the $3.7 billion that were registered in 2024, when 69 assets—15,835 apartments—were sold. The metro also ranked first in U.S. multifamily transaction volume in the first half of 2025.
Among Phoenix multifamily assets trading in late 2025 was Camden Copper Square Apartments. ColRich paid $77 million for the 332-unit community, which was previously owned by Camden Property Trust.
