TUCSON, Ariz. – CBRE announced the $31.15 million sale of a 426-unit multifamily portfolio consisting of one- and two-bedroom casitas in 28 communities across the greater Tucson area.

CBRE’s Tucson capital markets team comprised of brokerage, debt and equity and appraisal services all contributed to the transaction. The buyer, HZ One, LLC, a Tucson-based venture led by Chris Kemmerly, Marcel Dabdoub and Ike Isaacson, plans to brand the portfolio as San Xavier Casitas.

CBRE’s Capital Markets Debt & Structured Finance team, Tim Prouty, Kevin Prouty and Theresa Witz, secured a debt package consisting of 12 separate loans – eight standalone loans and four grouped loans – originating from the Freddie Mac Small Balance Loan program.

“The portfolio’s expansive presence across the Tucson metro provided stability and ultimately helped secure the financing,” said CBRE’s Tim Prouty. “The added flexibility offered by the Small Balance Loan program was crucial to a successful structuring of the debt.”

The loan package was the largest single Small Balance Loan financing completed by CBRE and Freddie Mac since the program began nearly two years ago.

Byron Bridges with CBRE Valuation & Advisory Services in Tucson led the team’s appraisal services.

For additional information, Isaacson can be reached at 520.777.4089 and Prouty should be contacted at 520.323.5123.

To learn more, login and see RED Comp #5645.

[mepr-show rules=”58038″]Sale date: 3/15/2018. Sale price: $31,148,700. Document #2018-0740846. (324) APNs Seller: Hazen Townhomes, Brent Hazen, manager.[/mepr-show]

Gray is One of Only Three Women to Hold Vice President of Land Acquisition and Development Position in Tucson’s History

TUCSON, ARIZONA –  Miramonte Homes announced the promotion of long-time employee, Gerrie Gray, to the position of Vice President of Land Acquisition and Development.

Gray has been with Miramonte Homes since 2004 and previously held the position of Director of Land Acquisition and Development.

“Miramonte is an amazing company to work for, with new and exciting projects on the horizon,” said Gray. “I’m happy to be one of three women ever in Tucson to hold this title.”

Gray will be responsible for finding and negotiating land development and acquisition opportunities in Tucson and Flagstaff. She will also oversee projects to make sure the land is developed according to master plans.

“Gerrie is a valuable member of our team and an integral part to the continued development of our properties in Arizona,” said Miramonte Companies President, Julie Mastriani. “We are excited to promote from within our company and reward Gerrie for her years of excellent service and commitment to Miramonte Homes.”

Since 1992, Miramonte Companies has been developing quality homes and commercial properties across the state of Arizona. CEO and Principal, Chris Kemmerly, is dedicated to developing communities that blend seamlessly with the Southwest’s indigenous architecture. Since 1996, Miramonte Homes has built more than 1,900 homes and is one of the largest, privately owned homebuilders in Arizona. The company has been named Builder of the Year multiple times over the past two decades by the Southern Arizona Homebuilder’s Association.

Mastriani joins the ranks of only a few women-led homebuilding and construction companies in Arizona

TUCSON, AZ —Miramonte Companies Founder, Chris Kemmerly, announced today that Julie Mastriani has been named president of Miramonte Companies and its affiliate companies, including: Miramonte Holdings, an investment and holding company; Miramonte Arizona, a construction and development company; and Miramonte Homes, a sales and brokerage company.

“Julie is a proven leader and has consistently demonstrated the necessary vision, knowledge and experience required to successfully lead Miramonte’s businesses in Southern and Northern Arizona,” said Kemmerly. “Julie also serves as a key member of Miramonte’s executive management team. I am thrilled to announce her well-deserved promotion after contributing to our company’s success over the past two decades,” said Kemmerly.

In her role as president and a member of Miramonte’s executive management team, Mastriani will continue to lead Miramonte’s efforts in corporate planning and operations as well as support investor relations and project acquisitions.

Prior to her promotion to president, Mastriani served as chief operating officer of Miramonte for approximately 15 years, where she was instrumental in managing all aspects of sales and operations.  Her tenure at Miramonte also includes serving more than three years as chief operating officer of the Tucson division of Standard Pacific Homes, a publicly–held company, during the acquisition of Miramonte Homes in 2004 through 2007.

Mastriani joined Miramonte in 1996, and now joins the ranks of only a few women-led homebuilding and construction companies in Arizona.

Since 1992, Miramonte Companies has been developing quality homes and commercial properties across the state of Arizona. CEO and Principal, Chris Kemmerly, is dedicated to developing communities that blend seamlessly with the Southwest’s indigenous architecture. Since 1992, Miramonte Homes has built more than 1900 homes and is one of the largest, privately owned homebuilders in Arizona. The company has been named Builder of the Year multiple times over the past two decades by the Southern Arizona Homebuilder’s Association.