Ascendant Capital Partners Acquires Casa Del Coronado Apartments in Tucson for $17.7 Million

TUCSON, Ariz. (September 9, 2025) – The 208-unit Casa Del Coronado apartment community in Tucson has sold to Ascendant Capital Partners, a Los Angeles–based real estate investment and operating firm, for $17.7 million as part of a portfolio sale. The seller was Ready Capital C of New York.

The sale closed on August 19, 2025.

The Casa Del Coronado complex, located at 201 & 251 W. Blacklidge Drive, was built in 1972 and features a mix of 160 one-bedroom/one-bath units (485 square feet each) and 48 two-bedroom/one-bath units (750 square feet each), along with studio layouts. The property has a weighted average unit size of 531 square feet and totals approximately 110,240 square feet.

Community amenities include two swimming pools and two spas, a gated entrance with covered parking available, a playground, basketball court, soccer field, laundry facilities, and a picnic area.

Based on the recorded sale price, the acquisition reflects a value of approximately $85,100 per unit and $161 per square foot.

The property is situated near Oracle Road and Fort Lowell, providing convenient access to the University of Arizona, Banner University Medical Center, and major retail corridors in central Tucson.

With this latest acquisition, Ascendant Capital Partners adds to its national portfolio of residential communities, while Ready Capital continues its focus on real estate finance and lending.

Source: RED Comp #12058