22
Mar
Alpha Wave Investors Lands Orange Tree Village in Tucson
A private equity investment company out of Southern California has paid $10.55 million for a 110-unit multifamily community in Tucson, AZ, in a potential value-add play.
Alpha Wave Investors paid roughly $95,000 per unit to a private Texas investor for Orange Tree Village, a townhome-style community located at 645 W. Orange Grove Rd. in north Tucson’s Casas Adobes area.
Constructed in 1981, the 85 percent leased complex boasts a mix of 20 one…
Source: Costar News
