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New York REIT Picks Tucson for First $46M Acquisition West of the Mississippi

Multifamily Portfolio Sells for $46 Million Updated: 3/1/2017 Tucson, Arizona — New York-based, Dasmen Residential (Michael I Katz, CEO) purchased a 1,166-unit portfolio in Tucson from Omninet Capital of California for $46 million ($39,451 per unit). The transaction marks the buyer’s entry into Tucson and its first acquisition west of the Mississippi. “Our goal is […]

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4 Multifamily Properties on Tucson’s Eastside Sell for $34.65M

Largest Multifamily Portfolio Sale in Tucson Since 2010 Colliers International in Greater Phoenix recently completed the sale of four Class B multifamily value-add properties in Tucson for an aggregate of $34.65 million ($29,717 per unit) for the 1,166-unit portfolio in four properties. Omninet Capital, LLC, of Beverly Hills, Calif., purchased the four properties from Gaines

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