Genaro Diaz Of Greenwater Investments Acquires Peaks At Redington In Tucson For $32M

The multifamily property, Peaks at Redington, located at 7700 East Speedway Boulevard in Tucson, Arizona, features 301 units spread across 10 acres. The transaction involved a sale price of $32 million, equating to $106,312 per unit. Built in 1980, the property comprises 13 buildings offering one- and two-bedroom units with sizes ranging from 616 to 932 square feet. It is currently encumbered by a Fannie Mae loan totaling $10.88 million, which matures in February 2027.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $32,000,000
• Buyer: Genaro Diaz - Greenwater Investments
• Seller: MF Asset Management
• Broker: Marcus & Millichap
• Units: 301
• Price Per Unit: $106,312
• Acres: 10

Genaro Diaz represented Greenwater Investments in the acquisition of the Peaks at Redington apartment complex from MF Asset Management. The transaction was facilitated by broker Marcus & Millichap, marking a significant event in the Tucson real estate market.