The Zone Apartments Near University of Arizona in Tucson Acquired as Upleg of Reverse 1031 Exchange; Fixed Rate Bank Loan Features Interest Only Component Tucson, Ariz. (November 23, 2022) – Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured $8.5 million of financing for the acquisition of The Zone Apartments, a
TUCSON, ARIZONA, Nov. 22,2022 — Equilibrium Cordova Village LLC, an affiliate of Equilibrium Funding Managers of Tucson, purchased Tierra Alegre Apartments, at 3355 E. Fort Lowell Rd., in Tucson. The 72-unit apartment property was purchased from Ryder Family Real Estate LLC of Los Alamitos, CA for $8.5 million ($118,055 per unit). The transaction closed on
Tierra Alegre Apartments in Tucson Sells for $8.5 Million Read More »
TUCSON, Ariz., Nov. 18, 2022 – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI), announced the sale of Elevate, a 144-unit apartment property in Tucson, Arizona. The asset traded for $21.8 million, or $151,389 per unit. Clint Wadlund, Hamid Panahi, Steve Gebing, Cliff David and Lane Schwartz of Marcus & Millichap
Institutional Property Advisors Negotiates Tucson Multifamily Sale Read More »