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Apartment Complex in Scottsdale Trades for Double Its 2019 Sale Price

Affiliate of Apartment Developer Cortland Drops $75 Million on Centerra Apartments in Central Scottsdale
Centerra in Scottsdale, Arizona, was built in 1986. (Cushman & Wakefield)
Centerra in Scottsdale, Arizona, was built in 1986. (Cushman & Wakefield)
CoStar News
June 16, 2022 | 10:42 P.M.

An affiliate of Atlanta-based multifamily developer Cortland bought a 202-unit apartment complex in Phoenix's Scottsdale suburb for just under $75 million — more than twice its last recorded selling price in 2019.

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