Tucson apartment sales were persistent through May with over $110 million in aggregate sales represented in 2,543 units transferring in 32 transactions. Cap rates trended lower this month again and are hovering at 5% average on the thirteen 40+ unit apartments and higher at around 8% average on the nineteen smaller apartment units. Tucson-based, Holualoa […]
Tucson, Four Apartment Sales Totaling $34.2M Mark End of Month Read More »
MC Companies founders Ken McElroy and Ross McCallister, further advanced their growth trajectory this week with The Tucson 8 Opportunity Fund acquiring eight Tucson multifamily properties consisting of 1,576-units in Tucson Arizona. Their eye for under managed value-add apartment communities with significant upside potential, leveraged with their MC Residential in house property management group, creates
Tucson Multifamily Portfolio Sells for $66.7 Million Read More »
A Newport Beach investor, Zona Rio Investments, LLC bought the 210-unit Zona Rio Apartments at 1001 West Saint Mary’s in Tucson for $9.74 million ($46,381 per unit). Built in 1983, Zona Rio Apartments is a gated community at Saint Mary’s just west of I-10 on the western border of Tucson’s Central Business District. The property
Zona Rio Apartments in Tucson Sells for $9.74 Million Read More »