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Mark-Taylor/Grossman Under Construction on 'First of Its Kind' Apartment Community Within the Arizona Grand Resort Complex

PHOENIX, AZ -- (Marketwire) -- 01/23/13 -- Mark-Taylor and Grossman Company Properties are currently under construction on a boutique apartment community near South Mountain that will offer residents something not seen before -- the ability to essentially live full time at a nationally acclaimed resort.

San Paseo will be a 138-unit rental community that is located inside the Arizona Grand Resort complex at Arizona Grand Parkway and Beverly Road. Residents here will be able to lease apartments on a long- or short-term basis similar to any other apartment community, but the difference will be in the incredible amenities offered to all residents through the Arizona Grand Resort.

Residents will receive full time access to the Arizona Grand Fitness Center at no charge, a 20 percent discount on the posted resort golf course green fees, a 10 percent discount on the resort guest rate for salon and spa services, and a 10 percent discount on the resort guest rate for restaurants. The apartment community itself will be built around its own lagoon-style pool and poolside cabana and will include a 24/7 fitness facility and cyber café featuring Mac and PC computers for personal use.

As attractive as that list of leisure activities might be, the most intriguing element of this community might be its phenomenal location. San Paseo will have the benefit of a location adjacent to the I-10 freeway and within a short distance of two of the Valley's largest employment centers in downtown Phoenix and the I-10 technology corridor.

"The boutique size of this community combined with the luxurious feeling of being located within the resort grounds will provide residents a unique secluded setting, right in the heart of Phoenix," said Mark-Taylor Vice President Chris Brozina.

The community is an example of "The Next Generation of Mark-Taylor," a slogan the company is using to describe the evolution of apartment communities over the last two decades. San Paseo's interior features include those you may only expect to see in a custom home, such as kitchen islands, custom wood cabinets, clean steel appliances, distressed wood plank flooring, oiled-bronze fixtures, pendant lighting and direct-access garages.

San Paseo will offer one-, two-, and three-bedroom units with monthly rents anticipated to range from $875 to $1700. The community is expected to open for leasing in July 2013. National Bank of Arizona is providing the construction financing.

"This is an enviable location that's ideal for the type of product that Mark-Taylor offers," said Grossman Company Properties CEO Matt Crow. "Mark-Taylor is known for its quality buildings, management and marketing that set the industry standard and help their communities maintain a strong market value."

For more information about San Paseo, visit www.mark-taylor.com or call 480-991-9111.

About Mark-Taylor

Mark-Taylor is consistently recognized as a leader and innovator in the multifamily industry and has developed and built more multifamily properties in Arizona than any other company. Its managed properties, located in Arizona and Nevada, maintain high per-unit values, due to the company's concentrated focus on high-quality service, marketing and building community. Mark-Taylor is headquartered in Scottsdale, Ariz. and is continually ranked one of the top workplaces in Arizona and among the Top 100 Most Admired Companies.

Learn more at www.mark-taylor.com.

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