Desert Ridge Monument Sign

RESMARK and GREYSTAR BEGIN

PRE-LEASING LUXURY APARTMENTS AT ELAN AT DESERT RIDGE

Resmark Apartment Living, in joint venture with Greystar, is pleased to announce pre-leasing has begun on a new luxury apartment community, Elan at Desert Ridge, in Phoenix, Arizona. The 370-unit apartment homes are located at 21155 N 56th Street, at the northeast corner of Deer Valley Drive and 56th Street, within the Desert Ridge master-planned development. The new community’s architecture reflects a modern craftsman design with two- and four-story buildings, set around outdoor gathering spaces and stunning community amenities.

“We are delighted to begin pre-leasing at Elan at Desert Ridge,” said Ziv Cohen, COO of Resmark Apartment Living. “Desert Ridge offers residents a highly-desirable lifestyle and location with easy access to employment centers and attractions in downtown Scottsdale and downtown Phoenix.”

The community offers one- and two-bedroom apartment homes ranging in size from 729 to 1,225 square feet of living space. Designer-selected interior finishes include quartz countertops, clean steel appliances, brushed nickel hardware, modern carpeting and faux wood flooring. Floor plans incorporate features such as gourmet kitchens, dual pane windows, spacious walk-in closets and high capacity washers and dryers.

Elan at Desert Ridge amenities include a 4,702 square foot clubhouse with a fitness facility, conference center, video gaming room, and a multi-station business center. Residents can also enjoy our resort-inspired swimming pool with a spacious sundeck, cabanas with HD televisions, complimentary wi-fi, grilling stations and a fire pit. The gated community includes single and double attached garages, a fenced dog park and is in close proximity to several biking and hiking trails.

“Residents will have the opportunity to live in a vibrant community steps away from the Desert Ridge Marketplace and JW Marriott Desert Ridge golf course and spa where they can enjoy shopping, dining, recreation and entertainment,” said Dan Milich, Senior Development Director for Greystar.

The community will welcome first move-ins starting March, 2014.  Construction is expected to be completed November, 2014. For more information on Elan at Desert Ridge, visit www.elanatdesertridge.com.

About The Resmark Companies
Founded in 1995, Resmark is a leading national private equity firm focused on real estate and powered by core foundational discipline and focus. A fully integrated real estate investment group, The Resmark Companies’ divisions—Resmark Land and Housing, Resmark Apartment Living and Resmark Shopping Centers—finance, acquire, develop and manage real estate in the Western United States, including California, Washington and Arizona, as well as in other select major metropolitan markets nationwide. To date, Resmark has participated in over 150 deals encompassing more than 25,000 single-family and
multifamily residential units. Headquartered in Los Angeles, Resmark also maintains corporate offices in San Diego and Chevy Chase, Maryland. For additional information, please visit www.Resmark.com.

About Greystar Real Estate Partners
Greystar Real Estate Partners is a fully integrated multifamily company offering expertise in property management, development and investment throughout the United States. Headquartered in Charleston, SC., Greystar is the largest operator of apartments in the United States and manages approximately 215,000 units in more than 100 markets with more than 5,000 team members.  Greystar was founded by Bob Faith in 1993 with the intent to become a provider of world-class services in the multifamily real estate business. Greystar’s innovative business model integrates the management, development and investment
disciplines of the multifamily industry. To learn more about Greystar visit www.greystar.com.

Media Contact: Tricia Peters
602-522-1228 / tpeters@greystar.com

 
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