44 Monroe is a 198-unit luxury high-rise located in the heart of downtown Phoenix. Originally delivered in 2008 and acquired by Grand Peaks in June 2022, the property offers institutional-quality construction, expansive views, and immediate access to the city’s cultural, employment, and transit core. Grand Peaks, alongside their JV partner and third-party management firm, continues to elevate the asset’s performance through targeted operational improvements and strategic capital enhancements designed to maximize long-term value.

Number 44 with the words 'Monroe' written underneath in brown font.
Illustration of a map pin, triangle, and rectangle shapes in green, dark blue, and light blue colors.

PHOENIX, AZ

Simple illustration of two apartment buildings with smoke coming from the chimney on the left building.

2008 VINTAGE

Blueprint with a square layout and a triangular ruler in the foreground.

198 UNITS

Looking up at a tall modern high-rise building with glass windows, framed by palm trees and blue sky.
Bright indoor dining area with large floor-to-ceiling windows showing city buildings, a long wooden table with nine chairs, vases with yellow flowers, two potted green plants, a fireplace, and modern hanging lights.
Hotel elevator corridor with six elevators, artwork on back wall, patterned ceiling, and tiled floor.
Modern living room with beige and white furniture, dark purple accent wall, wall-mounted TV, wooden shelving, and a kitchen area with pendant lighting and bar stools.
Modern hotel lobby with wooden wall paneling, marble reception desk, beige seating, a floor lamp, and orchid plant on the desk.
Balcony with black and white furniture, patterned rug, potted plant, view of tall buildings and cityscape.
Hotel hallway entrance with a black doormat reading '44 Monroe', wood-paneled walls, and patterned flooring leading to framed artwork on the back wall, with modern light fixtures along the sides.
Modern hotel lobby with beige seating, glass coffee tables, large windows, and a chandelier.
Living room with large window view of a cityscape at dusk, featuring a gray sofa, black armchair, and a TV showing a scene with three people.
Modern office with large windows, dark wooden desk, black leather chair, bookshelf with books and decorative items, framed wall art, and a gray area rug.
Modern kitchen with black countertop island, wooden cabinets, black appliances, bar seating, and track lighting.
Spacious modern lounge with large windows, black armchairs, beige sectional sofa, fireplace, and city view.
Indoor recreational room with a pool table, pool balls, cue sticks, and a view of an outdoor pool area through large glass windows.
Modern kitchen with white and gray cabinets, stainless steel appliances, granite countertops, and a central island with four gray barstools. Pendant lights hang above the island, and decorative items like vases and potted plants are displayed on coun
Modern kitchen with light wood cabinets, black appliances, a black refrigerator, and a curved granite countertop island with bar stools. Large windows offer a city view.
Modern bathroom with a white bathtub, double sink vanity with wooden cabinets, and illuminated mirrors.
A spacious outdoor balcony with glass walls and a city view, featuring a small table with a potted plant and three chairs, some wicker and some with cushions.
Modern bathroom with a large vanity, wooden cabinets, two sinks, a mirror with vertical lights, a bathtub with a towel, a glass-enclosed shower, and beige walls and floors.
Modern high-rise apartment living room with large windows overlooking city skyline, featuring gray sofa, pink armchair, coffee table with decorative items, and a woman on balcony taking a photo.
A bedroom with a large window showing a sunset over a city skyline. The bed has white and dark gray pillows, and white bedding. Candles are placed on a small table near the window, and a single flower is in a vase on the bedside table.
Sunset viewed from a high-rise apartment with a large window, showing the cityscape and skyline. The interior includes a dining table, chairs, bar stools at a kitchen counter, and a potted plant.
Living room with large curved floor-to-ceiling windows showing a city view at dusk, with mountains in the background, modern furniture, and houseplants.
Cityscape view from a high-rise balcony during sunset, with outdoor seating and glass sliding doors.
Outdoor rooftop patio at dusk with modern furniture, potted plants, a fire pit, and city skyline in the background.