Brokerage sells Tierra Bonita in Arizona

Out-of-state buyer nabs apartments

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Hendricks & Partners arranged the sale of Tierra Bonita, a 410-unit apartment community in Tucson, Ariz. The value of the transaction was approximately $11.8 million. The property is located at 175 West Valencia Road. Murray, Utah-based Bridge Partners sold the community to Tierra Bonita Apartments LLC of Mt. Vernon, Wash. Hendricks & Partners is a national advisory firm focused exclusively on the sale of multifamily properties. *** What's your opinion? Send your Letter to the Editor to opinion@inman.com....