TUCSON, AZ – Western Wealth Capital has acquired a five-property, 880-unit multifamily portfolio in Tucson, AZ for $130 million. The firm acquired the portfolio from Weidner Apartment Homes.
The portfolio, titled Tucson V, includes the 239-unit Aventura, which was built in 1985; the 248-unit Lass Brisas, which was built in 1983; the 161-unit Alegria, which was built in 1985; the 120-unit The Enclave, which was built in 1974; and the 112-unit Vista Montana, which was built in 1984.
Marcus & Millichap division, Institutional Property Advisors brokered the sale. IPA's SVP Hamid Panahi executive managing directors Steve Gebing and Cliff David represented the seller and procured the buyer for the transaction.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
