SB Pacific Group Spins Off Tucson Multifamily Asset
The California-based private equity real estate investment firm bought the property in 2017 for $14.5 million and just sold it for $53.9 million. MF Asset Management acquired The Peaks at Redington, a 301-unit apartment rental property on 10 acres in far-east Tucson.
The 1980-era complex comprises 13 buildings with one and two bedroom floor-plans ranging in size from 616 to 721 square feet. Common-area amenities include tennis and basketball courts, two spa centers, and a pool.
Institutional Property Advisors (IPA) represented SB Pacific Group and also found the buyer. IPA arranged another high-profile sale in Tucson last month when Bridge Investment Group paid a Tucson-record $178 million to acquire the 826-unit Hilands.
Apartment buildings for sale
Check out the latest properties available on apartmentbuildings.com
Easy Keeper Money Maker 4 Units
Phoenix, AZPhoenix & Southwest + 2-4 Units
Learn MoreListing Status: Available Listing Type: Highest & best offer Price: $629,950 No. of Units: 4 Cap Rate: 7.0 Average Occupancy: 100 Year Built: 1982 Year Renovated: 2000 Building Size: 3705 Sq ft Lot Size: 5834 Acres No. of Stories: 2 APN: 214-39-039 Zoning Code: Multi Family Opportunity Zone: No Buy Side Fee: $3 Price per unit: $157,487 
The Villas at 79th Ave
Glendale, AZPhoenix & Southwest + Development Opportunity
Learn MoreListing Status: Available Listing Type: Highest & best offer No. of Units: 149 Building Size: 220520 Sq ft Lot Size: 9.6 Acres Opportunity Zone: No
- ◦Sale/Acquisition
