EXECUTIVE Summary
- EMBREY announced the sale of luxury multifamily development, The Quincy at Kierland, a 266-unit, Class A community in North Scottsdale, Arizona, to Stockdale Capital Partners. Development of the property was completed in 2024, and was 95% leased at the time of sale.
- At the time of writing, The Quincy at Kierland marked EMBREY’s fourth project in Phoenix and one of eight luxury developments in Arizona. Since this sale, EMBREY has continued to expand the multifamily portfolio in Arizona, most recently closing on land and financing for 12th & Greenway, a Class A luxury multifamily community near North 12th Street and Greenway Parkway in Phoenix, Arizona.
- The sale of The Quincy at Kierland underscores EMBREY’s success as a vertically integrated real estate investment company, developing high-quality communities, growing occupancy, and executing well-timed exits. Learn more about investing with EMBREY and visit EMBREY Insights for market forecasting and reporting.
EMBREY, a vertically integrated real estate investment company based in San Antonio, Texas, today announced it has closed on the sale of The Quincy at Kierland, a 266-unit, Class A multifamily community located at 15826 N. Scottsdale Road in North Scottsdale.
Developed by EMBREY and completed in 2024, The Quincy at Kierland represents the company’s continued investment success in high-growth markets across the Southwest. The property was acquired by Stockdale Capital Partners and was 91% occupied and 95% leased at the time of sale.
Located on 2.23 acres near Scottsdale Road and Tierra Buena Lane, The Quincy at Kierland offers residents exceptional access to nearby retail, dining, and recreation destinations, including Kierland Commons, Scottsdale Quarter, and The Westin Kierland Resort and Spa. The community’s prime visibility and proximity to Loop 101, Scottsdale Airport, and major employers such as American Express, Mayo Clinic, and Republic Services further enhance its appeal.
“The Quincy at Kierland exemplifies the strength of Scottsdale’s luxury multifamily market and our continued focus on developing exceptional living environments in dynamic, high-demand locations,” said Jimmy McCloskey, chief development officer for EMBREY. “We’re proud of the community our team built and the value it brings to residents and investors alike.”
The Quincy at Kierland features contemporary architecture and refined interior finishes, including 9- and 10-foot ceilings, engineered hardwood flooring, GE Café appliances, smart thermostats, and private balconies with McDowell Mountain views. Residents also enjoy an impressive suite of amenities, including a resort-style pool with outdoor kitchen and fireside lounge, game room, fitness and yoga studio, Wi-Fi lounge and conference space, dog park and paw spa, and EV charging stations.
The property disposition was led by Garrett Karam, chief investment officer, and Bruce Sommerfeldt, vice president of asset management, with Steve Gebing and Cliff David, executive managing directors of Institutional Property Advisors (IPA) representing EMBREY in the transaction. EMBREY entered the Arizona market in 2006 and continues to expand its footprint across the region through high-quality developments and strategic investments. To date, The Quincy marks EMBREY’s fourth project in Phoenix and one of eight across the state of Arizona.
FAQs
Q: What is The Quincy at Kierland in Scottsdale, Arizona?
A: The Quincy at Kierland is a 266-unit, Class A luxury multifamily community developed by EMBREY on N. Scottsdale Road in North Scottsdale, with development completed in 2024. The community features high-end amenities including private balconies with McDowell Mountain views, and immediate access to Kierland Commons, Scottsdale Quarter, and major employers including American Express and Mayo Clinic.
Q: Who owns The Quincy at Kierland?
A: The Quincy at Kierland was acquired by Stockdale Capital Partners from EMBREY in 2025. At the time of sale, the property was 91% occupied and 95% leased.
Q: What properties does EMBREY own in Arizona?
A: EMBREY’s current Arizona portfolio includes Escape at Arrowhead in Peoria, as well as 12th and Greenway, Senna at Canyon Trails, and Seven Oaks in Phoenix.
About EMBREY
EMBREY is a vertically integrated, partner-led real estate investment company that develops, invests, builds, acquires, and manages multifamily and commercial assets. Since 1974, family-owned EMBREY has developed more than 50,000 apartments and over 6 million square feet of commercial property in Texas, Arizona, Colorado, Florida, North Carolina, and Tennessee. San Antonio-based EMBREY is a leading developer in the multifamily sector, with more than 6,000 units under construction or in development. www.embrey.com
