COLLIERS INTL. BROKERS $46.5 MILLION SALE OF 7-PROPERTY MF PORTFOLIO

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TUCSON, ARIZ. — Colliers International–Greater Phoenix has negotiated the $46.5 million sale of a seven-property, 1,566-unit multifamily portfolio in Tucson to San Francisco-based Hamilton Zanze & Co. Placed into receivership in October 2009, the Class B portfolio consists of Palomino Crossing (240 units), Lakeside Casitas (310 units), Hampton Park (160 units), Cordova Village (322 units), Solano Springs (152 units), San Mateo (254 units) and Highland Woods (128 units). Colliers International’s Cindy Cooke and Brad Cooke represented the unnamed seller; the first-time Tucson buyer was self-represented.

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