KKR, a global investment firm, has acquired of The District at Scottsdale, a 332-unit Class A residential building.

The purchase grows KKR’s residential real estate footprint in the Phoenix metropolitan area to more than 2,600 units.

“The District at Scottsdale is well positioned with a great location and world class amenities, supporting Phoenix’s continued growth as a leading destination to live and work,” said Michael Friedland, managing director at KKR. “We are excited to deepen our commitment to the Phoenix market with the addition of this trophy asset to our core plus real estate portfolio.”