Brief
Lender Offloads 301-Unit Tucson Apartment Asset
A lender-owned Tucson apartment complex traded for $32 million, well below what the previous buyer paid for the development four years earlier. Multihousing News reports that Trez Capital divested the
Summary
A lender-owned Tucson apartment complex traded for $32 million, well below what the previous buyer paid for the development four years earlier.
Multihousing News reports that Trez Capital divested the asset, Peaks at Redington, following the previous owner’s deed-in-lieu-of-foreclosure in January 2026.
The latest transaction’s sale price represents a 40% discount to the property’s previous...
Source
- Connect CREconnectcre.com
