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GILBERT, ARIZ. — Wood Partners has completed the disposition of Alta Rise, an apartment property in Gilbert. Steve Gebing and Cliff David of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented the seller and procured the buyer in the deal. Terms of the transaction were not released.
Completed in 2025, Alta Rise features 278 apartments with walk-in closets with built-in shelving, kitchens with quartz countertops, soft-close cabinetry and French door refrigerators. The four-story community includes a fourth-floor lounge and Skydeck, a bodega, speakeasy, lawn with yard games and a firepit, a multipurpose field, pickleball courts and a swimming pool and spa.