OMNINET CAPITAL BUYS TUCSON MULTIFAMILY PORTFOLIO FOR $34.6M
TUCSON, ARIZ. – Omninet Capital LLC has acquired a four-property multifamily portfolio in Tucson for $34.6 million. The Class B portfolio includes 1,166 units.
The value-add properties included in the transaction are Sedona Springs at 373 N. Wilmot Road; Sienna Ridge at 5353 E. 22nd Street;Summit Ridge at 1252 S. Craycroft Road; and Verrano Park at 6850 E. Gold Links Road.
Omninet represented itself in this transaction. The seller, Gaines Investment Trust, was represented by Cindy Cooke and Brad Cooke of Colliers International.
This sale is the largest multifamily portfolio sale unit-wise in Tucson since 2010, according to Colliers.