December 20, 2021

Argosy Real Estate Partners Acquires Site for the Development of Moderne at Roosevelt in Phoenix, AZ

We are pleased to announce that Argosy Real Estate Partners, in partnership with Moderne Communities, has acquired an approximately 14-acre, fully-entitled site for the ground-up development of Moderne at Roosevelt, a 185-unit single-family build-for-rent community.  The project will be located in Tolleson, AZ, a suburb approximately 13 miles west of Downtown Phoenix.

Upon completion, the project will feature a mix of detached single-story one-, two-, and three-bedroom homes.  Each unit will include a washer and dryer, quartz countertops, vinyl plank flooring, private gated backyards with pet door access, and a smart home technology package.  The project will also have common area amenities including a resort style pool, fitness center, clubhouse, barbeque area, game lawn, and dog park.

Argosy’s development partner, Moderne Communities, is a real estate development firm focused on land acquisition, development and homebuilding.  Moderne at Roosevelt is Argosy’s third investment in partnership with Moderne Communities.