Greenlight, Holualoa Secure $28.8 Million Refinance for Cabana Bridges Apartments in Tucson

Cabana Bridges

TUCSON, AZ (April 3, 2026) — BWE announced that it arranged $28.8 million in refinancing for Cabana Bridges, a 288-unit multifamily community at 1102 E. 36th Street in Tucson, on behalf of Greenlight Communities and Holualoa Companies.

The financing was placed through Freddie Mac as a seven-year loan structured to match the ownership group’s business objectives, including a flexible prepayment option and a favorable interest rate. Matt Terpstra and Charlie Williams of BWE’s Phoenix office originated the loan.

Located at 1102 E. 36th Street just east of Interstate 10 and less than five miles from Downtown Tucson, Cabana Bridges is a recently completed multifamily community built in 2023. The property reflects continued investor and lender interest in well-located workforce and attainable housing communities in Tucson, particularly newer projects positioned near major transportation corridors and employment centers.

Cabana Bridges features a mix of studio, one-bedroom, and two-bedroom apartment homes designed to appeal to a broad range of renters. The gated community features an amenity package centered on practical lifestyle offerings, including outdoor courtyards with citrus trees, barbecue and seating areas, a two-story clubhouse with a coworking lounge and coffee bar, covered parking, a 24/7 fitness center, and a resort-style swimming pool with lounge seating.

The refinance underscores the ability of newly built, stabilized multifamily assets in Tucson to attract agency capital, even in a more selective lending environment. For owners, such execution can provide long-term debt stability while preserving flexibility for future portfolio decisions. For the broader market, it also signals continued confidence in Tucson’s apartment fundamentals, especially for newer communities offering modern amenities at price points that appeal to residents seeking convenience, connectivity, and value.

Greenlight Communities has been active in the attainable housing segment across Arizona, while Holualoa Companies is a long-established real estate investment and development firm with a broad footprint. Their refinance of Cabana Bridges adds to a growing body of evidence that Tucson remains firmly on the radar of both multifamily developers and capital providers seeking strong Sun Belt secondary-market opportunities.

Holualoa Companies is a real estate investment firm focused on the successful development, acquisition, repositioning, and disposition of real estate assets. Holualoa actively seeks opportunities to improve neighborhoods, create jobs, and enhance communities. The company is a driving force behind a number of award-winning projects. Headquartered in Tucson, Arizona, with offices in Phoenix, Los Angeles, Hawaii, and Paris, France, it invests across the United States and Europe in multifamily, hotel, office, retail, industrial, and self-storage properties.

 




Maverick, Rudy Reach Final Championship Round of Tucson’s Pooch Playoffs

Tucson’s Pooch Playoffs

TUCSON, AZ (April 3, 2026) — The championship round is set in Tucson’s 4th Annual Pooch Playoffs, with Maverick and Rudy emerging as the final two dogs in the bracket-style fundraiser benefiting The Sanctuary Project. The final round is now underway, with vote totals hidden from the bracket until the winner is revealed.

Go here to vote: Pooch Playoffs voting page

Maverick, who was interviewed earlier this week by Real Estate Daily News, has advanced to the championship round. A mastiff with the presence of a gentle giant, Maverick has moved through the competition with the kind of steady charm that has made him stand out throughout the bracket. Described as handsome, calm, and sweet, Maverick is known for his beautiful markings, a giant grin, and a stoic yet lovable personality. Though he looks imposing, he is all soft heart underneath, bringing loyal leading-man energy with his bro Goose by his side.

Rudy brings a very different style to the finals. Once a stray and now a full-blown character, Rudy is described as the definition of younger-brother energy. The extra-fluffy “spritz” has a huge personality, keeps everyone laughing, and is never shy about talking back when he has something to say. With a love for squeaky toys and a talent for stealing the spotlight, Rudy has earned his place as one of the contest’s most entertaining finalists.

The Pooch Playoffs began with 16 dogs in a March Madness-style bracket that raises money for The Sanctuary Project, a rescue-focused nonprofit helping dogs in need. Voting is free, supporters may vote twice per round, and donations go directly to The Sanctuary Project.

Voting remains open until 1:00 p.m. Saturday, April 4, and the winner will be revealed live at the Cheers to the Champs celebration at Noble Hops in Oro Valley from 2 to 4 p.m.

Go here to vote: Pooch Playoffs voting page

Keep voting. Keep sharing. Keep donating.

 




Brookwood Apartments in East Tucson Sells for $28.25 Million

Brookwood Apartments

TUCSON, AZ (April 2, 2026) — Institutional Property Advisors (IPA), a division of Marcus & Millichap dedicated to serving institutional clients, announced the sale of Brookwood, a 272-unit multifamily community at 201 S. Kolb Rd. in Tucson, for $28.25 million.

The March 19 investment sale works out to about $103,860 per unit and $138.76 per square foot for the 203,586-square-foot property, which sits on 9.93 acres. The seller was VP Brookwood LLC, c/o Stoneweg US LLC of St. Petersburg, Florida. The buyer was AndMark Brookwood Apartments LLC, c/o AndMark Investment Fund VII LLC of Los Angeles.

Marcus & Millichap’s Tucson office, working through IPA, handled the listing. Clint Wadlund and Hamid Panahi represented the seller and procured the buyer.

“Brookwood is well-positioned within East Tucson and benefits from proximity to multiple employment sectors, including healthcare, business and professional services, retail, and hospitality, offering residents access to approximately 3,200 employers and more than 77,000 jobs,” said Clint Wadlund, IPA managing director investments.

“This acquisition reflects the continued confidence investors have in Tucson’s multifamily fundamentals,” said Hamid Panahi, IPA senior managing director investments. “With a diversified employment base and sustained renter demand, Tucson continues to attract long-term capital. The buyer has been steadily expanding its footprint in the market, and this transaction reinforces its commitment to investing in Tucson’s long-term growth.”

The property is on Kolb Road just south of Broadway Boulevard, with access to Downtown Tucson and Interstate 10. Nearby employers include Raytheon, Davis-Monthan Air Force Base, Banner Health, Tucson Medical Center, and Carondelet Health Network.

Built in 1973, Brookwood is a two-story, garden-style apartment community with 23 apartment buildings and a unit mix of 176 one-bedroom and 96 two-bedroom apartments. The weighted average unit size is about 760 square feet. Amenities include a clubhouse, pool and spa, fitness center, EV charging stations, laundry facilities, courtyards, covered parking, and a dog park.

The buyer is not new to Tucson. Los Angeles-based AndMark Management Company focuses on workforce-oriented multifamily housing in smaller and mid-sized U.S. cities, targeting markets where it sees demand supported by steady middle-income employment and returns driven by cash flow and value-add improvements.

AndMark has already built a notable Tucson footprint with properties including Paragon on Pima, Copper Creek Apartments, San Marin Apartments, and Palomino Crossing. The firm also owned Paseo del Sol, a 152-unit Tucson apartment community, which it sold in 2022 for $33.6 million.

For more information, Wadlund can be reached at 520.349.0621 and Panahi at 520.719.6511.