Windsor Realty Fund-V LLC has acquired the 360-unit Preserve at Mountain Park Ranch townhome apartments in Phoenix, Ariz., for an undisclosed price.

The property, whose seller was not disclosed, is located in a master-planned community known as Mountain Park Ranch, near the Ahwatukee area of Phoenix. The property, which will be renamed Windsor at Mountain Park Ranch, is located west of Interstate 10 and north of Ray Road.

The property was constructed in 1996 and consists of all two- and three-bedroom units with an average size of more than 1,200 square feet. Amenities include two swimming pools and spas, a business center, a media room/movie theater, an electronic game room, a clubhouse, playgrounds, and a fully equipped fitness center.

In a press statement, a representative for Windsor Realty Fund said, “… Our business plan is to do a significant amount of interior and exterior renovations. We feel this plan will position this asset well for the next 7-10 years.”

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×