Casa Azure is an age-restricted, seniors’ property, which will be available to those earning at or below 60 percent of the area median income. The property will feature several community amenities including a pool, clubhouse, library and fitness center. Casa Azure also utilizes solar panels on the roofs of its carports and ION water systems to help save energy and water.
“We are excited to expand our relationship with Blackstone and April Housing,” said Mark Moorhouse, Dominium Managing Partner and Executive Vice President of Development. “Their investment in Casa Azure, coupled with their previous investment in Aviara Flats, demonstrates a significant commitment to affordable housing for both seniors and families in the Phoenix area. We appreciate their partnership and expertise as we continue working to address the shortage of affordable housing nationwide.”
Kathleen McCarthy, Global Co-Head of Blackstone Real Estate, said, “Alongside April Housing, we have been identifying innovative ways to address the shortage of affordable housing. We are excited to expand our partnership with Dominium and create new, affordable housing for seniors in Phoenix.”
“April’s commitment to preserve and create affordable housing is at the center of everything we do,” said Alice Carr, Chief Executive Officer of April Housing. “We are thrilled to continue expanding the supply of affordable housing in an area where it is much needed, especially serving seniors, many of whom have fixed incomes.”
