Knightvest Capital Expands Its Presence in Arizona by Acquiring Avana Desert View

Knightvest Capital Expands Its Presence in Arizona



Knightvest Capital, a prominent player in the multifamily investment sphere, has recently achieved a significant milestone with its acquisition of Avana Desert View, located in Scottsdale, Arizona. This purchase, announced on June 30, 2025, is not just a strategic move, but marks the eighth addition to Knightvest's ongoing Fund II, which remains open to new investors until the close of 2025.

Expanding Footprint in a High-Growth Market



The acquisition solidifies Knightvest's footprint in the Phoenix metropolitan area, expanding its portfolio to more than 5,000 units owned and managed. Scottsdale has emerged as one of the most economically vibrant submarkets in the Southwestern United States, driven by robust job growth across sectors including technology, healthcare, and finance. This dynamic environment has made it a prime target for investment and development.

Avana Desert View, constructed in 1996, offers 412 units of garden-style living, set against a backdrop of some of the most highly sought-after school districts and major employment centers. Furthermore, the community boasts resort-style amenities that greatly enhance residents' lifestyle experience. Knightvest Capital firmly believes that the unique location and desirable living conditions will appeal to both current and prospective residents.

Planned Enhancements



As part of Knightvest’s strategic value-add approach, significant renovations are on the horizon for Avana Desert View. Planned upgrades include modernizing the interiors of the apartments, enhancing the common areas, and revitalizing community amenities, which are essential to attracting and retaining residents in today’s competitive rental market.

David Moore, the Founder and CEO of Knightvest Capital, expressed enthusiasm about the acquisition, stating, "Scottsdale represents one of the most economically dynamic submarkets in the Southwest, and Avana Desert View is a perfect example of the type of asset we target. It offers well-located, high-quality communities with opportunities for value creation. With this acquisition, we see a tremendous opportunity to enhance the resident experience and deliver dependable, long-term returns for our investors."

The Phoenix Market Trend



The ongoing influx of new residents and companies to the Phoenix area underscores the demand for high-quality multifamily living spaces. This acquisition allows Knightvest to deepen its investment in a high-demand market that shows no signs of slowing down. The company's commitment to implementing a thoughtful renovation strategy aims to align Avana Desert View with contemporary market expectations while preserving its unique character.

Knightvest Capital has established itself as a vertically integrated firm specializing not only in multifamily investment but also in the management and improvement of properties. With a strong foundation and operational proficiency, Knightvest has made strategic investments totaling over $10 billion, acquiring more than 60,000 units across various high-growth metro areas since its inception in 2007.

Looking Forward



As Knightvest continues to expand its portfolio and enhance its existing properties, the focus remains on creating communities where residents can thrive while yielding impressive returns for investors. The future looks bright for Knightvest Capital in Scottsdale, and the Avana Desert View acquisition is a testament to their commitment to excellence in multifamily living.

For those interested in exploring investment opportunities with Knightvest Capital's Fund II, more information can be found on their official website or by contacting Claudia Betancourt directly.

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For more insights and updates, follow Knightvest Capital's journey in transforming multifamily communities across Arizona and beyond, demonstrating their dedication to quality and resident satisfaction.

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