FLAGSTAFF, AZ - Apartment Ventures, NNC announced the recent acquisition of Village at Aspen Place, a 222-unit Class “A” mixed use luxury apartment. Built in 2015 and located within Aspen Place at the Sawmill, Flagstaff’s premier lifestyle center, the location features some of the finest shopping, restaurants, and service businesses in the city.
Apartment Ventures succeeded in purchasing this asset in a highly competitive field due to their 35 year plus history in investing in the Southwest, their proven underwriting metrics, and their extensive local market knowledge and deep regional relationships. Though many firms have moved into the Southwest market in recent years, Apartment Ventures has been investing in the area for over three decades, gaining knowledge newer firms to the market lack. These long-term and well-developed relationships played an integral part in Apartment Venture’s acquisition of the property.