TUCSON, AZ — 243 E University LLC purchased a five-unit Historic West University multifamily property at 243 E. University Blvd. in Tucson from ReDesign by Blaser LLC for $1.092 million.

The transaction closed April 8, 2026. The sale price equates to approximately $218,400 per unit and $416 per square foot based on 2,624 square feet.

The property is located in Tucson’s West University area near the University of Arizona, Fourth Avenue and downtown Tucson. Built in 1906, the masonry property includes five residential units on approximately 0.27 acres. The unit mix includes one single-family residence of approximately 912 square feet with two bedrooms and one bathroom, along with an apartment building totaling approximately 1,712 square feet with four one-bedroom, one-bath units.

The property is zoned HR-3, historic high-density residential, and is located within Tucson’s central submarket.

Denice Osbourne with Long Realty listed the property. Daniel W. Reichardt with Genesis Real Estate & Management represented the buyer.

For more information, Osbourne should be contacted at 520.909.6592 and Reichardt is at 520.390.1270.

Source: RED Comp 12411

TUCSON, AZ (May 1, 2026) — D.R. Horton, Inc. purchased 132 lots and common-area land for Phase 2 of the Redford Estates subdivision in southwest Tucson from Redford Estates BLF LLC for $2.046 million.

The transaction included 132 single-family residential lots and associated common-area property at 2730 W. Sneakers Street in Tucson’s west submarket. The sale closed on April 16, 2026. The purchase price equates to $15,500 per lot.

The property is part of Redford Estates, a residential subdivision planned near Valencia Road in southwest Tucson. This Phase 2 sale represents a continuation of the project originally reported by Real Estate Daily News in 2024, when Walton Global acquired the 276-lot subdivision through its Builder Land Financing program to support future new-home development.

The current sales represent the Phase 2 lot takedown by D.R. Horton. The price mirrors the original reported lot valuation from the 2024 transaction, when the subdivision’s 276 platted lots were valued at approximately $15,500 per lot.

The seller, Redford Estates BLF LLC, is tied to Walton Global’s Builder Land Financing model, a structure designed to help production homebuilders control future lot supply without carrying the full land position on their balance sheet from the outset.

Under the model, Walton acquires land identified for residential development and works with builders through phased takedown arrangements. That allows a builder such as D.R. Horton to secure a pipeline of lots while purchasing them in stages as the community moves forward.

That structure appears to be reflected in Redford Estates. This latest transaction involving 132 – Phase 2, mirrors the lot pricing from the original 2024 takedown as D.R. Horton continues its planned takedown within the subdivision.

The arrangement also illustrates how national homebuilders are managing land strategy in the current market: controlling future inventory through phased commitments, while limiting upfront land exposure and aligning purchases with absorption, construction timing, and buyer demand.

D.R. Horton is actively marketing Redford Estates as a new home community in southwest Tucson. The community adds to new-home inventory serving Tucson’s southwest growth corridor, an area benefiting from proximity to Valencia Road, Interstate 19, Tucson International Airport, major employment centers, and established residential demand.

D.R. Horton’s buyer representative was Sam Mills, Division Vice President of Land. The seller representative was Paul Brae, Vice President of Portfolio Management for Walton.

The transaction underscores continued builder activity in Tucson’s entry-level and move-up housing market, particularly in phased subdivisions where national builders can control lot supply over time.