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ZOM Living Secures $88M in Financing, Breaks Ground on 416-Unit Azola Desert Ridge in Phoenix

Summary by REBusinessOnline
PHOENIX — ZOM Living has secured financing for the development of Azola Desert Ridge, a multifamily community in Phoenix. The funding includes a joint venture equity investment from Origin Investments and construction financing totaling $88 million. Located along the Loop 101 Freeway at 56th Street, Azola Desert Ridge will offer 416 apartments spread across four-story buildings in a garden-style multifamily community that is slated to deliver by…
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REBusinessOnline broke the news in on Friday, March 28, 2025.
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