Encore Tessera will be a 240-unit, high-density Urban Infill, Class-A luxury apartment community and will consist of one three-story and one four-story apartment building. The property is advantageously located in the heart of Phoenix on two major thoroughfares, within close proximity of major employment, transportation, education, and shopping. The apartment community will be in the vicinity of several major employers including the regional headquarters for State Farm insurance, Sky Harbor international Airport, Arizona State University, and The Cotton Center Business Park, which is home to Aetna and LabCorp. The property is also accessible to the regional Metro Light Rail system which offers a terminal location just southwest of the site on Washington Street and 44th Street. This connects residents to Tempe, Arizona State University, downtown Phoenix, and central Phoenix.