Major Multi-Family Investment Activity Around SanTan Village

The SanTan Village area in Gilbert continues to see major investment activity, with two back-to-back multi-family sales totaling more than $230 million.

Vistara at SanTan Village Sells for $115.25 Million

Vistara at SanTan Village, a luxury apartment community offering 366 units, has officially sold for $115,250,000. This marks a significant jump from its original 2017 purchase price of $73,200,000, reflecting the continued strength of Gilbert’s rental market and the desirability of the SanTan Village corridor.

The property boasts modern amenities, stylish living spaces, and proximity to shopping, dining, and entertainment at SanTan Village, making it one of the most in-demand communities in the East Valley.

Redstone at SanTan Village Closed Just Months Ago

What makes this transaction even more notable is that the same buyer recently closed on Redstone at SanTan Village, located just southeast along SanTan Village Parkway, for $118.5 million. That deal closed only a couple of months ago, further solidifying this investor’s confidence in the Gilbert market.

Why Investors Are Betting Big on Gilbert

The SanTan Village corridor is one of the East Valley’s fastest-growing hubs. With new retail, dining, and commercial development constantly expanding around the regional mall, these multi-family communities are positioned in the heart of a live-work-play destination.

High demand for rental housing, coupled with limited supply and Gilbert’s consistent population growth, makes large-scale acquisitions like these attractive long-term investments.

The Bigger Picture

Together, these two multi-family sales represent over $230 million in transactions in just a short span, demonstrating the strength of Gilbert’s market and the continued interest from major institutional investors. As more development comes online, the SanTan Village area is set to remain one of the East Valley’s hottest destinations for both residents and investors.