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MC Cos Acquires 282-Unit Core Scottsdale Apartments From Starlight Investments For $97.5M

Property Image
SOLD
$97,500,000

Arizona

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MultiFamily
Sold 07/11/2025
the dealdetailscomps
Property Image
SOLD

MC Cos Acquires 282-Unit Core Scottsdale Apartments From Starlight Investments For $97.5M

15333 North Hayden Road

See Similar Deals
MultiFamily
Sold 07/11/2025
the dealdetailscomps

Summary

ARIZONA
Asset Type:MultiFamily
Transaction Type:Sale

The multifamily asset involved in this transaction is located at 15333 North Hayden Road in Scottsdale, AZ. The property features 282 units, which were sold for a total price of $97,500,000, translating to a price per unit of $345,745.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $97,500,000
  • Buyer: MC Cos
  • Seller: Starlight Investments
  • Units: 282
  • Price Per Unit: $345,745
  • Date of Sale: 07/11/2025
  • Market: Scottsdale, AZ

MC Cos acquired the Core Scottsdale apartments from Starlight Investments, which had previously purchased the property for $80,400,000 in 2019.

Players

Starlight Investments
Starlight Investments
SELLER

Details

SOLD
IMAGE: 07/11/2025 ADDRESS: 15333 North Hayden Road MARKET: Scottsdale, AZ ASSET TYPE: Multifamily BUYER: MC Cos SELLER: Starlight Investments SALE PRICE: $97,500,000 UNITS: 282 ~ PPU: $345,745 NOTE: MC Cos. bought the 282-unit Core Scottsdale apartments for $97.5M from Starlight Investments, which paid $80.4M in 2019.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$5,200,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$346,396.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$462,199.74
Annual Debt Service$5,546,396.91