55 Resort Scottsdale , a recently completed luxury adult apartment property in Scottsdale, has been sold to a Los Angeles investor for $32,750,000. The development, located at 9449 N. 90th St., is situated within the popular McCormick Ranch master plan community.

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“This transaction underscores the exceptional demand for high-quality active adult housing in Scottsdale,” said Matt Roach of Colliers. “Despite being only nine percent occupied at the time of sale, 55 Resort Scottsdale attracted significant investor interest due to its Scottsdale location and the powerful demographic tailwinds driving this asset class.”

DEM, Inc., a Los Angeles-based private real estate investment company focused on acquiring midsize, new

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