MG Properties Purchases Broadstone Scottsdale Horizon Apartments for $51M

by Nellie Day

SCOTTSDALE, ARIZ. — MG Properties has acquired the 330-unit Broadstone Scottsdale Horizon apartment community for $51 million. The community is located at 9259 E. Raintree Drive in Scottsdale. Common areas include a resort-style pool, resident clubhouse, business center and fitness facility. Broadstone Scottsdale Horizon was built in 1986. JLL’s John Cunningham and Charles Steele represented the seller, a joint venture between Rockwood Capital and Alliance Residential Co.

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