![]() ![]() Founded in 1995 by David Schwartz and Peter Vilim, Waterton executes value add strategies and manages a national portfolio of multifamily and hospitality properties on behalf of institutional investors, family offices and financial institutions. (“Waterton”) is a real estate investor and operator with a focus on U.S. Waterton closed the Desert Horizon Apartments transaction Augand plans to implement a value-add, physical upgrade renovation program including upgraded flooring, clean steel appliances, new countertops and cabinet hardware, and a plumbing fixture upgrade. Residents enjoy a host of amenities and features including a clubhouse with billiards table, media room and culinary station, fitness center, 5 swimming pools and 3 spas as well as full sized washers and dryers, wood burning fireplaces, 9 foot ceilings, and private patio or balcony. North Scottsdale is also home to several notable resorts, golf courses and outdoor activities including the Westin Kierland development, TPC Scottsdale, Tatum Ranch and Grayhawk Golf Club. In addition to the employment drivers, residents have access to major retail amenities in the area such as Desert Ridge Marketplace, Kierland Commons, Scottsdale Quarter, The Promenade and Paradise Valley Mall. With access to the entire Phoenix metropolitan area, Desert Horizon’s location combined with first class features and amenities makes the community a significant asset for Waterton.” Desert Horizon is a perfect fit for our value add program where we can upgrade the interiors to compete with the newer product in the submarket. Mark Stern, Senior VP of Acquisitions, Waterton Associates noted, “Waterton is excited about closing our second acquisition in Arizona. The close proximity to major thoroughfares such as Frank Lloyd Wright Boulevard, Scottsdale Road and Pima Freeway (Loop 101), offers residents of Desert Horizon access to the entire Phoenix metropolitan area as well as access to several large employers such as nearby Greater Scottsdale Airpark, American Express, and the Mayo Clinic Hospital. The property is located in Northern Scottsdale adjacent to the southeast intersection of North 56th Street and East Bell Road. Desert Horizon is the fourth asset purchased by Waterton this year.Ĭonstructed in two phases between 19 by Evans Withycombe Residential Inc, the two-story, 38 building structure includes 514 apartments consisting of one, two, and three bedroom garden style units. Chicago, IL – Aug– Waterton Associates is pleased to announce the recent acquisition of Desert Horizon Apartments, a 514-unit community located in Scottsdale, AZ. ![]()
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