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Phoenix & Southwest  + Arizona  + Senior Housing  |  June 22, 2026
400 S. Broadway Place
Mike Boyd
By: Mike Boyd

Tucson Assisted Living Facility Trades for $52M

Broadway Proper Assisted Living Community, a 232-bed assisted- and independent-living facility at 400 S. Broadway Place, sold for $52 million. The buyer was PropCo Holding of Irvine, California. The seller was Harrison Street Real Estate Capital.

Realestatedaily-news.com reports Broadway Proper was built in 1998 on 6.5 acres in Tucson’s east submarket. The 389,728-square-foot property includes three three-story buildings with studio, one-bedroom, and two-bedroom units. The community offers assisted living, independent living, and retirement care services, with amenities including dining areas, a fitness room, a clubhouse, outdoor areas, housekeeping, transportation, resident programming, laundry service, an arts and crafts center, a game room, a movie or theater room, a pool, and a Jacuzzi.

Everett Benton represented the seller in the Broadway Proper transaction.

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Harrison Street

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.
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