Bernard M. Diamond and Deborah E. Diamond, as Co-Trustees of the Bernard and Deborah E. Diamond Trust traded into the under construction O’Reilly Auto Parts store at 16329 North Oracle Road in Catalina for $1.621 million ($238 PSF).

The property, consisting of a 6,800-square-foot building on 26,700-square-feet of land sold with a 20 year lease term to O’Reilly Auto Parts. The store is expected to be ready for occupancy by January or February.

O’Reilly Automotive, Inc., is a publicly traded chain of auto parts stores that started with one store in Springfield, Missouri, in 1957. It has since grown to include more than 4,400 stores in 42 U.S. states. The corporation is headquartered in Springfield. This will be the 22^nd store in the Tucson metro area.

Dave Hammack and Debbie Heslop, CCIM, of Volk Company represented the seller, TOMBO51, LLC in the sale and Clark Everitt with Investment Real Estate Advisors or Encino, CA represented the investor.

To learn more Hammack and Heslop should be reached at 520.326.3200.

For additional information see RED Comp #3453.

GMH Capital Partners has acquired three student housing assets from Kayne Anderson Real Estate Advisors (KAREA). The Sol y Luna (formerly Next and Level), at 1020 N Tyndall Ave and 1031 N Park Ave in Tucson, Arizona, adjacent to the University of Arizona sold in the transaction.

Also included, was Rise at Northgate, located in College Station, Texas, an 18-story, 184 apartment high-rise serving the students of Texas A & M University.

All three were developed by Campus Acquisitions; the Tucson properties, ‘Level’ opened for fall 2012 and ‘Next’ opened for fall 2014 semester. In addition to 979 beds in 341-units featuring high-quality amenities and finishes, the property encompasses 10,000 square feet of ground-level retail space.

The Tucson properties sold for an aggregate total of $142.75 million ($145,812 per bed) and has been rebranded ‘Sol y Luna’.

According to public records, the former ‘Level’ Student Housing at 1020 N Tyndall Ave, near Speedway and Park Ave., sold for $78 million for the 176-unit apartment with 586-beds.

The former ‘Next’ at 1031 N Park Ave sold for $64.75 million for the 165-unit apartment with 393-beds.

The acquisitions conclude Newton Square, Pennsylvania-based GMH’s 2015 strategy to finish the year with more than $300 million in new student housing assets.

The high quality amenities include a 24-hour state-of-art fitness center with tanning beds and a resort-quality saltwater pool and spa. The building is equipped with private study rooms on each floor, a 24-hour computer lab and a furnished game room with game tables and 50-inch flat screen televisions.

Randall Calvert, a former vice-president with GMH Capital Partners, now with TSB Realty in Philadelphia, PA brokered the transaction.

Before its sale in 2008, GMH’s College Park Communities division serviced nearly 70,000 beds across 29 states. Earlier this year, GMH returned to the student space by forming a programmatic JV partnership with Principal Real Estate Investors.

With these three recent acquisitions, GMH owns and manages more than 3,000 beds. “In 2016, we will focus on adding additional core properties to the GMH portfolio; we will also broaden our investment criteria to include ‘value-add’ properties and ground-up development,” Gary M. Holloway, Jr., president of GMH Capital Partners, says.

Since 2007, Kayne Anderson Real Estate Advisors has been a premier investor in the off-campus student housing sector. During this period, the firm has acquired, developed and/or sold more than $3 billion in student housing communities encompassing more than 50,000 beds across 43 universities in 23 states and Canada. In November 2012, KAREA’s sale of 20 student housing properties for $863 million was the largest private sale of student housing assets ever recorded.

For additional information see RED Comps # 3450 and # 3451.

Mattamy Homes bought 15 SFR lots at The Enclave at Stone Canyon V for $2.775 million ($185,000 per lot) from Enclave Construction & Sales (David Williamson, manager).

Located in Stone Canyon at Rancho Vistoso, north of Tortolita Mountain Circle and east of Hohokam Village Place in Oro Valley, the property is also known as the Stone Canyon Donut Hole due to its vicinity to Stone Canyon Golf Course. Surrounded by the Stone Canyon Golf Course, the subdivision sits on approximately 28 acres of vacant property and feature single-story homes on lot sizes ranging from 10,000 to 15,000-square-feet and 80’ frontage. Mattamys’ lots are situated on holes 1, 2, 3 and 4.

To learn more, see RED Comp #3433.

Richmond American, a subsidiary of M.D.C. Holdings, purchased 37 SFR lots in Starr Ridge for $1.76 million ($47,500 per lot) and will be joining John Herder Building in this community.

Starr Ridge consists of 105 home sites, located just 15 minutes from downtown, and offers some of the most spectacular mountains and valley views at the base of the beautiful Tucson Mountains, on the far west side of Tucson. Surrounded by miles of trails and breathtaking desert landscape, this exceptional community also offers easy access to popular schools, shopping and dining. Being located on the gate way to the Arizona Sonoran Desert Museum and Old Tucson Studios is just added proof that there are some big desert and mountains views here.

M.D.C. Holdings, Inc.’s homebuilding subsidiaries have been operating under the Richmond American Homes name for many years with homebuilding operations in 9 states across the country.

To learn more, see RED Comp #3339.

At Eagle Point Estates, in the western submarket of Tucson, DR Horton purchased 6-SFR lots for $225,000 ($37,500 per lot). This was a part of a rolling option agreement for 83-lots at Eagle Point Estates. The seller, Tierra Valencia of Tucson is an affiliate of the Estes Companies (Bill Estes III, manager).

Dan Feig and Aaron Mendenhall of Chapman Lindsey represented DR Horton in the transaction.

To learn more, see RED Comp #3406.

A.F. Sterling Home Builders of Tucson (Peter Aronoff, director) has purchased a new community, Red Colt Ranch, with 21 platted lots for $420,000 ($20,000 per lot). Located at the northwest corner of 22^nd Street and Bonanza Avenue on the eastside of Tucson the community is expected to be ready to build Spring 2016 by A.F. Sterling for its semi-custom and custom homes.

The final plat was approved back in 2008 by Tucson Mayor and Council. The seller was Prosperity Loop of Tucson.

To learn more, see RED Comp #3332.