CBRE Arranges Sale and Financing of Residences Kierland
Scottsdale, Ariz. (June 12, 2026) – CBRE negotiated the sale of Residences Kierland, a 290-unit luxury multifamily community in North Scottsdale. CBRE’s Asher Gunter, Matt Pesch and Austin Groen represented the seller, Quarterra. Bruce Francis, Doug Birrell, Bob Ybarra, Shaun Moothart and Nick Santangelo with CBRE’s Debt & Structured Finance practice facilitated debt financing for the buyer, MacNaughton.
“Residences Kierland is a generational core asset in a submarket defined by premier retail and a concentration of high-wage employment,” said Gunter, Vice Chairman at CBRE. “Quarterra built an exceptional property, and the strong investor interest reflected the community’s appeal.”
Completed in 2022, Residences Kierland’s one- and two-bedroom floorplans feature gourmet kitchens with quartz countertops, a GE Café appliance package, wine fridges, vinyl plank flooring, illuminated bathroom mirrors and smart lock keyless entry systems. Additionally, the property features seven two-story townhomes, each averaging 2,000 square feet, with direct access and a two-car garage.
The community has an elevated pool deck with private cabanas, a bike room and a pet spa with a full washing station and electric car chargers. Residents also have access to a 24-hour fitness center and yoga studio.
Residences Kierland also features The Retreat, a full-service spa. The Retreat includes heated loungers for relaxation, a nail salon, individual massage rooms, a sauna and steam room with aroma-infused oils, a cool-mist room, a salt therapy room and hot and cool pools in a secluded outdoor space.
MacNaughton is a premier, family-owned real estate investment and development firm operating in the residential, condominium, hospitality, retail and commercial asset classes in Hawaii and the continental United States.
“The Kierland corridor is one of the most irreplaceable residential addresses in the American Sun Belt,” said MacNaughton CEO Ian MacNaughton. “Residences Kierland fits exactly the profile we seek: an asset defined not just by four walls and amenities, but by the cultural gravity of the place it calls home. This acquisition expands MacNaughton’s portfolio in Metro Phoenix and is a compelling addition to our growing mix of existing and under-development multifamily communities across the U.S.”
Quarterra is a real estate investment firm focused on creating long-term value by developing high-quality multifamily communities nationwide. With 12 regional offices across 20 states, Quarterra combines institutional scale with local market expertise to deliver purposefully designed rental communities in high-growth markets.
“Residences Kierland is a marquee community where no expenses were spared in the design, ensuring a top-of-the-market asset that is commensurate with the quality of the prime location in Scottsdale,” said Dan Tilton, Senior Director of Development for the Quarterra Southwest Division. “Quarterra couldn’t be more pleased to sell this prized asset to our good friends at MacNaughton and to entrust them with this community for the foreseeable future. Our Quarterra development and construction team, along with our partners at Arqline, did a phenomenal job designing, constructing, and managing this resort-quality community.”
Residences Kierland is in the heart of Kierland’s high-end retail core. Kierland Commons and Scottsdale Quarter are blocks away from the community, offering residents high-street retail and fine-dining destinations.