Clear Sky Capital Sells Scottsdale Apartment Complex for $26.1M


Located in Scottsdale, Ariz., Tatum Place features 164 units, two swimming pools, a fitness center and outdoor barbecue grills.

SCOTTSDALE, ARIZ. — An entity formed by Phoenix-based Clear Sky Capital has completed the disposition of Tatum Place, a 164-unit multifamily property located at 16801 N. 49th St. in Scottsdale. Tatum Investment Partners, an entity formed by Chicago-based Rockwell Partners, purchased the asset for $26.1 million.

Tatum Place features a mix of one- and two-bedroom apartments with an average size of 814 square feet. Units offer nine-foot ceilings, all-electric kitchens, in-unit washers/dryers, patios/balconies, wood-style flooring and walk-in closets. Community amenities include a fitness center, two swimming pools, a poolside clubhouse, outdoor barbecue grills, covered parking, gated access, a fire pit and complimentary Wi-Fi.

David Fogler and Steven Nicoluzakis of Cushman & Wakefield represented the seller in the deal.

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