The Carlyle Group and RREEF Property Trust, an affiliate of DWS Group, has acquired Alta Rise, a four-story, 278-unit multifamily complex in Gilbert, Arizona, from Wood Partners for $81.6 million, or $293,525 per unit.
Joint venture buys Phoenix-area luxury multifamily complex for $81.6 million
Alta Rise features 278 units built in 2025
By Clarice King with
June 29, 2026 | 4:10 P.M.
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IN THIS ARTICLE
- Properties
- Alta Rise
80 McQueen Rd, Gilbert, AZ
- Companies
- The Carlyle Group
Finance and Insurance
- Wood Partners
Construction
- RREEF Property Trust, Inc.
Finance and Insurance
- Contacts
- Steven Gebing
Executive Managing Director Investments, Institutional Property Advisors
- Cliff David
Executive Managing Director Investments, Institutional Property Advisors