Located on a 1.3-acre lot in Mesa, the Courtland Towers was originally built in 1984 as a purpose-built multifamily community with 169 units. However, it was later converted into seniors housing and eventually vacated in 2022.
The property has recently been sold by Okland Capital to Soltrust Robson, with financing from Blueprint Capital Income REIT. The transaction was facilitated by an Institutional Property Advisors team led by Cliff David who stated that the property is ready for redevelopment into Downtown Mesa’s sole high-rise multifamily community since it will be delivered vacant at closing. The current zoning allows for up to 176 units.
Conveniently located near Arizona State Route 87/Country Club Drive and Main Street, this property is easily accessible and situated within an Opportunity Zone. It is also just steps away from the Valley Metro light rail line and within walking distance of various attractions such as Arizona State University’s Mesa City Center campus, Arizona Museum of Natural History, i.d.e.a Museum,the Nile Theater,and the Mesa Arts Center.
