Arizona

Tue
03
Oct
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Company Closes $70 Million, 812-Unit Apartment Portfolio In Southern Arizona

Company Closes $70 Million, 812-Unit Apartment Portfolio In Southern Arizona

Bascom Arizona Ventures has acquired three apartment communities located in Tucson and Sierra Vista, Arizona for $70,225,000, or $86,484 per unit, according to a release.

All three properties offer a resort-style swimming pool, relaxing spa, 24-hour fitness center, business center, and private garages:

  • Summit Vista (288 units), built in 2008
  • Crescent Ridge (272 units), built in two phases (2001 & 2008). Both Summit Vista and Crescent Ridge have easy access to Interstate 10 and are close to some of the area's largest employers.
  • Port Royale (252 units), is proximate to Ft. Huachuca, the largest military installation in the state. It was also built in two phases (2004 & 2008).

Bascom Arizona Ventures assumed the existing HUD loans for all three properties.

Thu
24
Aug
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Arizona Rental Housing Journal - August 2017

Thu
24
Aug
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Arizona Rental Housing Journal - July 2017

Thu
24
Aug
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Arizona Rental Housing Journal - June 2017

Thu
24
Aug
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Arizona Rental Housing Journal - May 2017

Thu
24
Aug
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Arizona Rental Housing Journal - April 2017

Thu
16
Feb
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Rental Housing Journal Arizona February 2017  

Rental Housing Journal Arizona February 2017

Rental Housing Journal Arizona February 2017  

Rental Housing Journal is the business journal for the Arizona rental housing and multi-family property management industry.

Fri
13
Jan
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Rental Housing Journal Arizona January 2017

Rental Housing Journal Arizona January 2017

Rental Housing Journal Arizona January 2017

Rental Housing Journal is the business journal for the Arizona rental housing and multi-family property management industry.

Thu
15
Dec
The Editors's picture

Residential Landlord Tenant Update 2016

Residential Landlord Tenant Update 2016

Residential Landlord Tenant Update 2016

By: The Loeffler Law Group PLLC

There have been several important changes in landlord-tenant law in 2016. First, the Seattle City Council enacted an ordinance to require landlords to rent premises on a first-in-time basis. Second, HUD officially took the position that it is improperly discriminatory to adopt a policy rejecting all tenants with a criminal history. Third, Seattle enacted legislation prohibiting discrimination based on source of income. The Washington legislature extended the time period for providing an accounting of security deposits to 21 days and created a mechanism for sealing.

The First-in-Time Ordinance

Thu
15
Dec
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Rental Housing Journal Arizona December 2016

Rental Housing Journal Arizona December 2016

Rental Housing Journal Arizona December 2016

Rental Housing Journal is the business journal for the Arizona rental housing and multi-family property management industry.

 

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