8050 South 59th Avenue, Laveen Village, AZ 85339

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130

Units

2025

Built

$1,851

Avg In-Place Rent

994

SF

The Opportunity

Touchstone at South Mountain presents the opportunity to acquire a newly built, 2025-vintage, institutional-quality horizontal apartment community in Laveen Village, one of the most compelling emerging submarkets in the Phoenix MSA. The 130-unit asset has successfully completed lease-up and offers a desirable low-density layout with an average unit size of 994 square feet and a balanced mix of 51% one-bedrooms, 41% two-bedrooms, and 8% three-bedrooms. Each unit features high-quality finishes including open-concept layouts with 9-foot ceilings, granite countertops, stainless-steel appliances, full-size washer/dryers, wood-style flooring, smart keyless entry, and private fenced backyards with turf in all units, delivering a low-density private living experience within an efficiently operated rental community.

Touchstone at South Mountain is strategically located in South Phoenix, less than a half-mile from Loop 202, providing seamless access to ±775,000 jobs within a 30-minute drive, including Downtown Phoenix, the Southwest Valley Industrial Corridor, and Chandler’s Price Road Corridor. The property benefits from strong demographics, with average resident household incomes of ±98,000 and 56% of residents in prime renting age cohorts, and is surrounded by high-performing schools, abundant recreation, and a robust retail amenity base. Nearby offerings include Cesar Chavez Park, existing centers such as Laveen Park Place and Laveen Spectrum, and the forthcoming 530,000-square-foot Vestar Laveen Towne Center. This combination of institutional-quality horizontal apartments, attractive demographics, and excellent connectivity positions Touchstone at South Mountain for durable cash flow, continued rent growth, and long-term value appreciation.

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Investment Highlights

1

Brand New Class A Horizontal Apartment Asset

Built by D.R. Horton, Touchstone at South Mountain offers 130 cottage-style homes completed in 2025 with a distinctive mix of one-, two-, and three-bedroom floorplans. Each residence features open-concept layouts with 9-foot ceilings, granite countertops, stainless steel appliances, full-size washer/dryers, walk-in closets, and private fenced backyards with patios and turf in all units, delivering the comfort and privacy of low density private living without the maintenance or financial burden of homeownership.

2

Resilient Horizontal Apartment Fundamentals with Demonstrated Pricing Power

Horizontal apartment communities command roughly a 25% premium over conventional multifamily, with Phoenix MSA horizontal apartments averaging $374 more per month than traditional product as of Q1 2026. This outperformance is driven by affluent renters-by-choice and renters-by-necessity alike, with longer average tenancies of two to three years, lower turnover costs, and 64% of residents relocating from other cities or states, reinforcing durable demand and consistently elevated occupancy across the product type.

3

High Mortgage Rates and Limited Resales Bolster Horizontal Apartment Demand

Renting at Touchstone is 52% more cost-effective than purchasing in the surrounding area, with average home sale prices in the zip code reaching $493,000 and monthly ownership costs of $2,805 — a $954 monthly premium over Touchstone’s in-place rent. Since 2020, the income required to qualify for a home purchase has grown 110% while actual incomes have grown only 30%, creating a $43,499 annual affordability shortfall that continues to anchor even high-income households firmly in the rental pool.

4

Young And Affluent Resident Demographics Provide Room for Rent Growth

Touchstone has attracted a high-income resident base with an average household income of $97,897, a rent-to-income ratio of just 22.7%, and a 4.43x income-qualifying ratio — nearly double the property’s 2.7x requirement. With 56% of residents in the prime 18–33 renting age cohort and rents supportable at 25–30% of HHI implying up to $596 of upside above current market rents, the demographic profile supports meaningful long-term rent growth.

5

Premier Family-Centric Living Surrounded by Top Schools, Recreation & Retail

Touchstone is located within the well-regarded Laveen Elementary School District and surrounded by highly rated schools including Heritage Academy Laveen (B+), Vista Del Sur Accelerated Academy (A-), and Arizona Lutheran Academy (A-). Residents enjoy immediate access to Laveen Park Place and Laveen Spectrum — home to Harkins Theatres, Sprouts, Starbucks, and EOS Fitness — plus Cesar Chavez Park’s 100 acres of recreation, with the forthcoming 530,000 SF Vestar Laveen Towne Center breaking ground summer 2026.

6

Exceptional Location with Seamless East and West Valley Connectivity to Expanding Employment Hubs

Positioned less than a half-mile from Loop 202, Touchstone offers seamless connectivity to ±775,000 jobs within a 30-minute drive across six major corridors — including the Southwest Valley Industrial Corridor, Downtown Phoenix, and Chandler’s Price Road Corridor. The surrounding area is home to prominent employers including Amazon, Wells Fargo, Intel, Chewy, JP Morgan, Honeywell, and United Health Group, supported by over 40,700 workplace establishments within commuting distance.

7

New Loop 202 – Laveen’s Growth Catalyst

The Loop 202 spans 22 miles connecting the I-10 west and east through South Phoenix, with its completion already positioning Laveen as Phoenix’s newest industrial core — drawing comparisons to the Loop 303 corridor where jobs grew 40% following its opening. The 3-mile radius around Touchstone at South Mountain is growing at more than double the pace of the Phoenix MSA, with population projected to increase 21.1% and median household incomes projected to reach $142,229 over the next five years, underpinning sustained rent growth and long-term value appreciation.

INVESTMENT SALES

Mark Forrester
Senior Managing Director
602.526.4800
[email protected]
AZ License #BR006620000

Andrew Curtis
Managing Director
602.571.4190
[email protected]
AZ License #SA676613000

Ryan Boyle
Senior Director
602.510.2972
[email protected]
AZ License #SA661064000

MORTGAGE BANKING

Scott Holland
Senior Managing Director
602.284.2613
[email protected]

Vin Basa
Senior Director
480.241.6909
[email protected]

Jeremy Hammill
VP Originations
480.205.8723
[email protected]

Brad Burns
Senior Director
913.638.1030
[email protected]

Phoenix Office 
2425 East Camelback Road,
Suite 960
 
Phoenix, AZ 85016 

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