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Chicago Firm Snaps Up Complex Amid High Multifamily Demand in Phoenix's Affluent Scottsdale Suburb

Avanti Residential Sells Dwell Apartments for Nearly $42 Million
The Dwell apartment complex in south Scottsdale, Arizona, was built in two phases in the 1960s and 1970s. (Tim Nelson/CoStar)
The Dwell apartment complex in south Scottsdale, Arizona, was built in two phases in the 1960s and 1970s. (Tim Nelson/CoStar)
CoStar News
February 15, 2023 | 7:40 P.M.

A Chicago developer bought an apartment complex in the Phoenix region of Scottsdale as multifamily investors keep loading up on properties in the wealthy suburb.

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