Greenwater Investments Acquires Tucson Multifamily For $42.5M

The multifamily property located at 6821 E Broadway Blvd in Tucson, AZ has been sold for a total price of $42,500,000. The property consists of 279 units, with a per unit price of $152,330.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $42,500,000
• Address: 6821 E Broadway Blvd, Tucson, AZ
• Market: Tucson, AZ
• Buyer: Greenwater Investments
• Seller: Sheiner Group/Living Well Homes
• Brokers: Hamid Panahi, Clint Wadlund, Art Wadlund, Steve Gebing & Cliff David - Institutional Property Advisors
• Units: 279
• Price Per Unit: $152,330

The deal was facilitated by Hamid Panahi, Clint Wadlund, Art Wadlund, Steve Gebing, and Cliff David from Institutional Property Advisors. They represented the buyer, Greenwater Investments, and the seller, Sheiner Group/Living Well Homes. The transaction took place on November 22, 2022.