TUCSON, ARIZONA (May 6, 2025) – RW Adelaide, a Phoenix-based investment entity affiliated with RW Partners, has acquired a three-property multifamily portfolio in central Tucson for $3,420,000, or approximately $122,143 per unit. The seller was Shelwood Forrest, LLC of Golden, Colorado.
The portfolio includes properties located at 1415 E. Adelaide Drive, 1503 E. Adelaide Drive, and 1511 E. Blacklidge Drive, comprising 28 multifamily units. The property consists of 13 duplexes and two single-family residences (SFRs), offering a mix of housing options attractive to various tenant profiles.
The assets closed on April 21, 2025.
The well-located portfolio offers proximity to major educational and healthcare institutions, retail corridors, and public transit routes, making it highly desirable for students, healthcare workers, and young professionals. Situated within Tucson’s 85719 ZIP code, demand for rental housing in this central submarket remains strong, supported by the city's continued economic and population growth.
Operating as a family office, RW Partners actively manages a diverse portfolio of real estate assets across Arizona, including multifamily, medical office, retail, and flex-industrial properties. The acquisition of these 28 units aligns with the firm's investment strategy of targeting stable, income-producing properties in high-demand markets.
As of this report, no information regarding brokers or agents involved in the transaction has been disclosed.
Reference: RED Comp #11870
PHOTO: 1415 E. Adelaide Drive, Tucson, AZ, 85719