HSL Properties Grows Multifamily Holdings with 204-Unit Vintage Apartments Deal

TUCSON, AZ (October 3, 2025) — HSL Properties has expanded its Tucson multifamily portfolio with the purchase of The Vintage Apartments, a 204-unit community at 8225 E. Speedway Blvd., near Pantano, for $24.45 million, according to public records. The acquisition price reflects $119,852 per unit and $193.64 per square foot on the property’s 126,268 rentable square feet.

The seller was RP WR8255 LLC, an investment entity managed by Core Woodridge JV LLC, tied to Phoenix-based institutional investors. The buyer of record was HSL East Speedway Apartments Delaware LLC, an affiliate of Tucson-based HSL Properties.

Built in 1981, The Vintage’s unit mix of one- and two-bedroom floor plans features a private patio or balcony, window coverings, and extra storage space. Community amenities include a newly renovated swimming pool and spa, laundry facility, package lockers, and a 24-hour fitness center.

The property is situated along Speedway Boulevard, a major east-west corridor, offering residents direct access to the University of Arizona to the west and Saguaro National Park to the east. Additional recreational destinations, such as The Loop, Sabino Canyon, and the Tucson Botanical Gardens, are also nearby. The Williams Center and the Park Place Mall are within proximity.

The transaction was marketed by Marcus & Millichap’s Institutional Property Advisors team in Tucson. Clint Wadlund (520.349.0621) and Hamid Panahi (520.719.6511) are both based in Tucson.

“The Vintage is located in Tucson metro’s east submarket with proximity to numerous employment generators and recreational attractions,” said Clint Wadlund, IPA managing director investments. “Previous ownership enhanced the community’s common areas and established a renovation program positioned for continuation under new ownership,” said Hamid Panahi, IPA senior managing director investments.

Wadlund, Panahi, and IPA’s Steve Gebing and Cliff David represented the seller and procured the buyer.

HSL Properties, headquartered in Tucson, is one of Arizona’s largest privately held apartment owners and operators, with a portfolio spanning thousands of multifamily units across the state.

Source: RED Comp #12094.