Tucson Apartment Property Trades for Nearly $30M

Tucson Apartment Property Trades for Nearly $30M
News| March 17, 2026| Mike Boyd
Phoenix & Southwest + Apartment Buildings

Casas Adobes Apartments, a 204-unit multifamily property at 6200 N. Oracle Road in northwest Tucson, sold for $28.7 million.  

Real Estate Daily News reports the seller, GR Capital Partners, purchased the property in 2016 for $11.75 million. The buyer was WNC. The listing broker was Brett Polachek with Newmark in Phoenix.

The property, built in 1978, is an 18-building project with two- and three-story structures offering a unit mix of studio, one-bedroom, and two-bedroom floor plans. Amenities include a fitness center, two pools and spas, a clubhouse, laundry facilities, a business center, a dog park, and covered parking.

The property is located in the Oracle Road corridor within the Casas Adobes area.

GR Capital Partners is a private equity firm based in Highlands Ranch, Colorado, specializing in value-add multifamily investments in select markets across the country.

For over 50 years, WNC has acquired 1,725+ properties representing $20.2 billion in affordable housing nationwide.

Phoenix Outlook: Where Growth Is Accelerating — and Where It’s Stalling: Metro-level headlines no longer tell the full story. On April 8 at Connect Phoenix Multifamily, SFR & BTR, senior operators and investors will examine uneven absorption, delivery pressure, shifting rent performance and how fundamentals are expected to evolve over the next 12–24 months. If you’re underwriting Phoenix, this discussion belongs on your calendar. Register to attend: www.ConnectPHXMF2026.com 

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