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Leon Capital sold the 202-unit Soltra Kierland in Scottsdale for $107.5 million. That comes out to over $530,000 a unit.

CBRE’s Matt Pesch, Asher Gunter, Sean Cunningham and Austin Groen represented Leon Capital Group subsidiary Leon Multifamily. A private investor acquired the community. CBRE says it’s the highest price per unit for a multifamily sale in Metro Phoenix since 2022. The apartment development was completed in 2024.