Sentral Brings Innovative Flexible Living Concept to High-Growth Rental Market of Scottsdale With 160-Unit Sentral Old Town

SCOTTSDALE, AZ – Sentral, the category-defining prop-tech company building the world’s largest flexible living community, announced the addition of its 12th community to its rapidly growing portfolio Sentral Ancient Town in Scottsdale, Arizona. With more than 28 percent rent growth in Scottsdale from February 2021 to February 2022, the city’s newest flexible living community offers designer-furnished and unfurnished apartment homes with flexible lengths of stay.
Sentral Ancient Town offers living and work spaces for those looking to experience the city like a local. Located near the intersection of Scottsdale and Camelback Roads in Downtown Scottsdale, the 160-unit property is just steps away from high-street retail shopping and the largest collection of upscale restaurants and nightlife destinations in the greater Phoenix metropolitan area. The building also offers direct access to the walking path along the Arizona Canal.
“As we continue our rapid expansion across the U.S., we are focused on desirable markets welcoming an inflow of residents and visitors,” said Sentral Chief Executive Officer Jon Slavet. “Scottsdale is among the top U.S. cities with significant rental demand in the last 12 months, and we are excited to bring our flexible living concept to this dynamic market.”
Since 2018, the number of digital nomads in the U.S. has more than tripled – from 4.8 million to 15.5 million according to MBO Partners. Sentral’s innovative and adaptable platform allows residents and guests to customize their living experience to match their evolving lifestyle, offering any length of stay across its portfolio of urban locations within vibrant and walkable neighborhoods.
Featuring a striking design with a modern aesthetic, Sentral Ancient Town complements Downtown Scottsdale’s high-end urban appeal. The lobby’s marble floor and welcome desk present a grand sense of arrival, adjacent to a gourmet coffee lounge for those on the go in the mornings. The second floor features an elegant gathering space with a kitchen and formal dining table, billiards room, and multiple lounge and TV areas. Residents and guests can also take advantage of common areas and on-demand private rooms for remote work.
Sentral Ancient Town’s apartments boast 9- and 10-foot ceilings with quartz countertops, wood-style flooring, walk-in closets, custom cabinetry and stainless steel appliances, smart entry locks, Nest thermostats, and personal patios or balconies. Residents and guests also have access to a resort-inspired pool; outdoor spa area with cabanas, an outdoor sundeck and a firepit; fitness center; top-floor sky lounge with panoramic views of the city and the Sonoran Desert landscape; package locker room; bike repair station; electric vehicle charging destinations; grilling stations; a wine lounge; and a pet spa.

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GID Completes Acquisition of Newly Built 385-Unit Elan Doral Luxury Apartment Community in The Heart of Miami’s Doral Neighborhood

MIAMI, FL – GID has bought Elan Doral, a newly-built apartment community located in Miami’s Doral neighborhood. This 385-unit community is managed by GID’s wholly-owned property management company, Windsor Communities, and has been rebranded Céntrico by Windsor.
Céntrico is located in the heart of downtown Doral, a 250-acre master-plotted development in the western part of Miami-Dade county, and offers access and walkability to two top-rated Charter Schools, Class-A employment centers, University of Miami Health System, and is minutes away from top shopping, dining, and entertainment at CityPlace Doral.
Each of Céntrico’s one-, two-, and three-bedroom apartment homes includes smart home technology, a private terrace or balcony, and a gourmet kitchen. Residents also delight in an expansive amenity package, including two heated swimming pools, poolside cabanas, a sundeck, a fitness center that includes a yoga lawn/deck and cardio and fitness on-demand, a billiards and game lounge, a business center, a theatre, and a penthouse sky lounge.
GID is a privately-held, vertically-integrated real estate company that owns and operates a portfolio of multifamily and industrial assets, as well as develops mixed-use projects. The current portfolio includes over 46,000 residential units, 20 million square feet of industrial space, and 1 million square feet of retail and office space.

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Hamilton Zanze Completes Disposition of 150-Unit Niche Apartment Community in Oakwell Farms Neighborhood of San Antonio

SAN ANTONIO, TX – San Francisco-based real estate investment firm Hamilton Zanze announced the sale of Niche Apartments in San Antonio, Texas. The firm originally bought the 150-unit, garden-style apartment community was in 2016, and the sale closed on April 5, 2022. The sale of Niche Apartments represents Hamilton Zanze’s second disposition of 2022.
During their ownership, the firm completed numerous exterior improvements, which included renovations to the fitness center, roof replacements, and pool enhancements. Additionally, 54 units were updated with stainless appliances, quartz countertops, and new fixtures to improve the community residents’ quality of life.
“The Niche Apartments’ returns exceeded initial expectations over our projected five-year hold period,” said Anthony Ly, director of dispositions at Hamilton Zanze. “This investment exemplifies our strategy to identify opportunities, invest in and capture upside from multifamily properties through renovations, upgrades, and improved management.”
The Niche Apartments were built in 2000 and is located at 33 Lynn Batts in San Antonio. The property comprises 150 one-, two-, and three-bedroom units averaging 955 square feet. The community has a resort-style pool and spa, a dog park, a fitness center, barbeque and picnic areas, and nature trails.
The Niche is a plotted, gated community near Interstate I-410, located in the Oakwell Farms neighborhood in the city of San Antonio just 10-minutes away from the International Airport. Residents have access to its well-maintained facilities including a pool, on-site park, and tennis courts. The neighborhood is roughly 20 minutes away from Downtown San Antonio, putting the amenities and conveniences of the city just a small drive away.

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