October 2010
Holualoa Acquires 332-unit The Cortesian in Scottsdale, Arizona

The property is located on Camelback Road, a major thoroughfare in metropolitan Phoenix. It is within one mile of the Scottsdale Fashion Square Mall and the Scottsdale Waterfront project, one of the most dynamic and desirable neighborhoods in Arizona. Due to its excellent location, a full plan to convert the property to condominiums was in place prior to the economic downturn.
This garden-style community consists of 39 two-story, garden-style buildings with one- and two-bedroom units in eight unique floor plans averaging 607 square feet. Interior amenities include gourmet kitchens with panties, spacious living areas, ceiling fans, and either a private patio or balcony. Select units include wood-burning fireplaces. Community amenities include a clubhouse with kitchen, swimming pools and spa, laundry facilities, barbeque areas and covered parking.