April 2011
Holualoa Acquires 141-unit Allison Condominiums in Scottsdale, Arizona

The Allison Condominiums is a Class A garden‐style apartment complex in the heart of the preferred North Scottsdale submarket to was converted from apartments to condominiums in 2007. We acquired the unsold units which we will operate as rentals.

This prestigious community offers a unique resort style setting with excellent mountain views, a stylish club house , lush mature landscaping with two pools and a spa, and an open air casita at the main pool. The property is close to the top five private employers in Scottsdale — Scottsdale Healthcare, Mayo Clinic, General Dynamics C4 Systems, CVS/CareMark, and Go Daddy Group. Additionally, the combined resort employment of nearby Fairmont Scottsdale Resort, The Boulders Resort, and Hyatt Gainey Ranch would be the fourth largest employer.

Other major employers within an eight-mile radius include Scottsdale Healthcare Shea, a 276-bed acute care facility, Prudential Arizona Realty, PCS Headquarters, Mayo Clinic Scottsdale, the Mayo Hospital, American Express and the JW Marriott Desert Ridge Resort.