Paragon Management Co. this week announced it has acquired Sienna Springs Apartments, a 224-unit multifamily complex in Tucson, Ariz., for an undisclosed price.
The property comprises one- and two-bedroom units and includes two swimming pools, a spa, laundry rooms, BBQ areas and lavish courtyards.
The seller’s identity was not disclosed.
Ricardo Jinich, co-founder of Paragon, said in a prepared statement that Sienna Springs was acquired at “below replacement cost” in a market with “strong employment and population growth.”
You have {{data.cm.viewsLeft}} articles left this month.
This content is available to Inman Select subscribers.
Please select an option below.
Please register to access this content.
To continue viewing the content you love, please sign in or create a new account
You have used all of your free pageviews.
Please subscribe to access more content.
Access denied!