DEM Inc Purchases 102 Unit Active-Adult Community In Scottsdale For $32.75M From Velocis Edison McCormick JV

The property involved in this transaction is a newly built 102-unit active-adult community located at 9449 90th Street in Scottsdale, AZ. The sale was completed for a price of $32,750,000, which results in a price per unit of $321,078. The property is part of the multi-family asset category and was approximately 9% occupied at the time of the sale, indicating a strong potential for future growth in occupancy due to its location within McCormick Ranch and the demographic demand for high-quality active-adult housing.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $32,750,000
• Buyer: DEM, Inc
• Seller: Velocis Edison McCormick JV
• Units: 102
• Price Per Unit: $321,078
• Market: Scottsdale, AZ
• Date of Sale: 11/07/2025
• Brokers: Matt Roach, Cindy Cooke, Chris Roach & Brad Cooke - Colliers

This transaction involved key individuals and companies, namely DEM, Inc. as the buyer and Velocis Edison McCormick JV as the seller. The deal was facilitated by a team of brokers from Colliers, including Matt Roach, Cindy Cooke, Chris Roach, and Brad Cooke, who represented the respective parties in the transaction.