Stockdale Capital Partners acquires luxury Arizona apartments for $110 million

Los Angeles-based Stockdale Capital Partners purchased The Quincy at Kierland, a 266-unit luxury multifamily community in North Scottsdale, Arizona, from Embrey Partners for $110.25 million in an all-cash transaction.

The six-story property, completed in 2024 at 15826 N. Scottsdale Rd., achieved stabilized occupancy in just 12 months after delivery to market.

“The property’s location in North Scottsdale’s Kierland is a key growth driver supported by limited supply, proximity to major employment hubs in the submarket’s growing tech, finance and healthcare sectors, top rated schools and easy access to extensive retail, dining and entertainment options at the nearby Kierland Commons and Scottsdale Quarter,” said Stockdale Managing Director Samuel Palmer.

The Quincy features a mix of one- and two-bedroom apartments. One-bedroom units average 750 square feet, while two-bedroom units average 1,235 square feet.

“Whether you are an established investor or building a multifamily platform from scratch, it’s key to demonstrate your ability to focus on speed and certainty of execution,” added Managing Director Chase Jensen. “As we did with our first investment in Dallas, we were to able close in less than 45 days all cash from the time we were awarded the project, which helped the seller move on to its next project.”

The purchase marks Stockdale’s second multifamily acquisition in 30 days, following its purchase of Amelia at Farmer’s Market in Downtown Dallas.

“The Quincy at Kierland is one of only six post-2020 constructed assets of 100 units or more with direct frontage on Scottsdale Road. The positioning enhances the property’s market presence and provides a long-term competitive advantage,” said Steve Gebing, IPA executive managing director.

Steven Gebing and Cliff David of Institutional Property Advisors represented the seller.