Weidner Apartment Homes Sells Five-Property Multifamily Portfolio in Tucson for $130M

TUCSON, ARIZ. — Weidner Apartment Homes has completed the disposition of Tucson V, a five-property, 880-unit apartment portfolio in Tucson. Western Wealth Capital acquired the assets for $130 million.

Hamid Panahi, Steve Gebing and Cliff David of Institutional Property Advisors (IPA), a division of Marcus & Millichap, and procured the buyer in the deal.

The properties include:

• Aventura, 239 units built in 1985
• Las Brisas, 248 units built in 1983
• Alegria, 161 units built in 1985
• The Enclave, 120 units built in 1974
• Vista Montana, 112 units built in 1984