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Wednesday, 17 July 2019

Suburban Tucson, Ariz., Apartments Sell for $37.75Mln

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Apartment-investment specialist Investors Capital Group has paid $37.75 million, or $130,623/unit, for the 289-unit Domain 3201 in the Tucson, Ariz., suburb of Casas Adobes, Ariz.

The Seattle investment manager, which focuses on middle-market properties in the western United States, purchased the property from Aspen Square Management of West Springfield, Mass., which had owned it since 2015. At the time, the property was actually two complexes: Place at Tierra Rica I and II. The latest transaction...

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Additional Info

  • Syndicate to Realpoint: No
  • Cities: Tucson
  • States: Arizona
  • Sector: Multifamily
  • Subject: Property Acquisitions (ACQ)
  • Valuation: Between $25 million and $50 million
  • Private: Yes
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Dan Moynihan

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