MC Companies acquired The Core Scottsdale — a Class A multifamily community located in North Scottsdale. MC Companies secured acquisition financing through CBRE Capital Markets, utilizing a Freddie Mac loan.
Built in 2018, The Core Scottsdale features 282 units; a resident clubhouse complete with a poker room, theater room and coffee lounge; a rooftop pool and deck with a spa, fire pits and spectacular mountain views; a state-of-the-art fitness center with a yoga and spinning room; a business center; and structured parking. Floor plans include studios, one- and two-bedroom apartments.Â
Founded in 2001, specializes in multifamily properties. MC Companies has executed on approximately $3.8 billion in multifamily assets. With corporate offices in Scottsdale and Tucson, Ariz., it owns and operates 7,000 residential units across 29 properties in Arizona, Texas and Nevada. More than 1,000 additional units are in development or construction.Â
The post MC Picks Up 282-Unit Scottsdale Rental Asset appeared first on Connect CRE.
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