Bridge Investment Group Acquires Multifamily Property In Tucson For $178M

The multifamily property located at 5755 E River Rd in Tucson, AZ has been sold in a transaction worth $178,000,000. The property consists of 826 units, resulting in a price per unit of $215,496.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $178,000,000
• Address: 5755 E River Rd, Tucson, AZ
• Market: Tucson, AZ

The buyer of the property is Bridge Investment Group, while the seller is Northland Investment Corporation. The deal was facilitated by Clint Wadlund, Hamid Panahi, Art Wadlund, Steve Gebing, and Cliff David from Institutional Property Advisors, who represented the respective parties in the transaction.