NALS Expands Phoenix Portfolio with the Acquisition of Versante Apartment Homes

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Phoenix, AZ– NALS Apartment Homes is pleased to announce the acquisition of Versante Apartment Homes, a 336-unit Tuscan-inspired community located at 11120 W Van Buren St in Avondale, AZ. Avondale is a part of the Phoenix Southwest Valley, conveniently located 1-mile south of the I-10, providing immediate access to the Loop 101, and inside the recently completed 303 Loop, 9 miles west. The Southwest Valley is known for being Metro Phoenix’s most active corridor for manufacturing, transportation and logistics employment. NALS purchased Versante Apartment Homes for $45.6 Million on August 29th, 2017. It is the seventh multifamily community in the greater Phoenix area to be added to the NALS portfolio.

Completed in 2007, this two-story gated community consists of spacious one, two and three-bedroom apartment homes with an average size of 949 Sq. Ft. Interior amenities include stainless steel appliances, full-size washers and dryers, nine-foot ceilings, and patios/balconies. The garden-style community sits on 18-acres of manicured landscaping and features a lagoon-style swimming pool and spa with cabanas, sand volleyball court, stainless steel gas grills, clubhouse and leasing office, 24-hour fitness center and sauna, movie theatre and 340 covered parking stalls. 

NALS’s newest community is strategically located nearby major highways, providing residents with a point of connection for travel throughout Phoenix MSA. Metro Phoenix has proven to be a desirable location for industries such as healthcare and biomedical services, financial services, business and professional services, manufacturing and distribution, aerospace and high technology. Residents enjoy easy access to major retail centers, Gateway Pavilions and Gateway Crossing, featuring popular stores such as Costco, Best Buy, Old Navy and is located close to several other retail centers featuring Target and Fry’s Food and Drug. Additionally, residents can choose to attend the Legacy Traditional School, an “A” rated school district by Arizona Department of Education and voted the #1 Charter School in Arizona by Ranking Arizona. Adjacent to the property is the American Sports Center-Avondale, the largest indoor multi-sport facility in Arizona. The ASC features size volleyball courts, four basketball courts, two indoor soccer fields and a 4,000 sq. ft. multi-purpose room. 

The Versante Apartment Homes acquisition is the latest for NALS Apartment Homes, which owns 10 additional communities in Arizona and 48 communities across the country. To learn more about Versante Apartment Homes, please visit www.MyVersanteApartments.com 

About NALS Apartment Homes
Founded in 1989, NALS Apartment Homes is a fully integrated real estate investment firm engaged in the acquisition, ownership, and management of multifamily apartment communities.  NALS owns and manages over 15,000 apartment homes throughout the United States in markets such as Atlanta, Albuquerque, Denver, Phoenix, and Portland, and is headquartered in Santa Barbara, CA. For more information about our company and acquisition preferences, please visit www.nals.com. 

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