TUCSON- Hamilton Zanze & Company has acquired the 144-unit Oracle Village from local seller HSL Properties. The buyer obtained the class B asset for $9 million.

According to a press release from the San Francisco-based Hamilton Zanze, the asset at 5921 N. Oracle Rd. provided an ideal opportunity to grow its southwest portfolio. “Oracle Village offers a unique reposition opportunity that will allow us to compete with class A assets in terms of amenities and overall experience, except at a lower rent to tenants,” comments acquisitions director David Nelson in the release. “Since 2010, our Arizona portfolio has seen steady improvement in operations, including occupancy, rental increases, and concession elimination. We look for this trend to continue.”

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