Land sales pave the way for two new multifamily housing communities in one of the nation’s fastest-growing cities

Land Advisors Organization’s Homebuilding Team facilitates transactions that are bringing more than 400 new multifamily residential units to the City of Maricopa in Arizona

Scottsdale, Ariz. (Nov. 12, 2024) – Land Advisors Organization is pleased to announce that its Homebuilding Team recently facilitated the sale of two adjacent land parcels in the City of Maricopa, Arizona. The transactions are slated to bring 431 new multifamily residential units to one of the nation’s fastest-growing cities.

The parcels are located at the NWC of Porter Road and the Maricopa-Casa Grande Highway in Maricopa, Arizona. Dominium Acquisition LLC completed the purchase of more than 19 acres for $8.26 million and plans to develop a 215-unit multifamily community on the site. The adjacent 9.5-acre parcel was purchased by Roers Companies for $4.166 million, where it plans to build a new 216-unit garden-style apartment community.

The new communities will be located along the frontage of the Maricopa-Casa Grande Highway, where the city’s new Home Depot location opened in September and additional retail is planned. Land Advisors Organization’s Ryan Semro, Bret Rinehart, Ben Heglie, and Ryan Garlick represented the seller, Stonegate BFC LLC, in these two transactions.

“The City of Maricopa was recently recognized as the fifth-fastest growing city in the U.S., and new residential options are greatly needed in the area,” Rinehart said. “These land acquisitions by Dominium and Roers will provide more affordable new residential options while also complementing the area’s burgeoning retail developments.”

Dominium and Roers Companies are recognized as two of the nation’s largest and most innovative affordable-housing development and management companies.  Construction of both communities is expected to begin in Q1 2025.

About Land Advisors Organization

Founded in 1987, Land Advisors Organization is the nation’s largest land brokerage firm specializing in providing deep market insights to landowners and purchasers for the most comprehensive and effective evaluation of land in markets across the country. By integrating current local market information with cutting-edge technology and geographically specialized professionals, Land Advisors Organization advises clients in identifying and capitalizing on valuable land opportunities in all economic environments. Land Advisors Organization serves landowners and purchasers from offices in Phoenix, Tucson, Casa Grande and Prescott, Arizona; Irvine, San Francisco, Century City, Pasadena, Roseville and San Diego, California; Orlando, Jacksonville and Tampa Bay, Florida; Atlanta, Georgia; Boise, Idaho; Las Vegas and Reno, Nevada; Albuquerque, New Mexico; Charlotte, North Carolina; Austin, Houston and Dallas-Fort Worth, Texas; Salt Lake City, Utah, Kansas City, and Seattle, Washington. Stay connected with us on Twitter, Facebook and LinkedIn.

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 Media Contact: Patty Johnson, Connections Marketing & Communications
PattyJohnson@Connections-marcom.com or 602.402.2965