ABI Multifamily announced the $22.3 million sale of La Posada Apartments, a 136-unit multifamily community in Tucson, Arizona. The buyer, Break of Day Capital, is based in California, while the seller, Element Property Company, a national multifamily investment firm, acquired the property in 2020.

La Posada Apartments is located in the Midvale neighborhood of Tucson, Arizona, at 1745 South Headley Road, just north of West Valencia Road. The property is also just two miles from the Tucson Spectrum outdoor mall.

Completed in 1999, the units average 869 square feet. On-site amenities include a swimming pool/spa, clubhouse, laundry facilities, fitness center, business center, children’s playground, gated entry, and ample open parking.

The deal was facilitated by ABI Multifamily’s Alon Shnitzer, Rue Bax, Eddie Chang, Doug Lazovick, and Tyler Bruggman in collaboration with their Tucson Apartment Team, Desiree Palmer and Ryan Kippes.