368-Unit Value-Add Property Changes Hands in Tucson

368-Unit Value-Add Property Changes Hands in Tucson
News| September 2, 2025| Mike Boyd
Phoenix & Southwest + Apartment Buildings

TMR Investments sold Circ Tucson Apartments, a 368-unit multifamily community located in the Casa Adobes neighborhood of north Tucson, Arizona. This milestone marks the culmination of an ownership journey beginning in July 2019, when TMR acquired the property. The property was built in 1986. An IPA team marketed the property.

Unit sizes range from 633-1,043 square feet and rent from $1,065-$1,450.

Over the past six years, TMR has heavily invested in capital improvements, revitalizing the property and significantly enhancing the resident experience. Key upgrades included:

  • Renovation of 240 units
  • A redesigned clubhouse and upgraded fitness center
  • Enhanced amenity spaces, including pool and spa upgrades and installation of electric vehicle charging stations

Hear from the Industry’s Best: Connect Apartments 2025 brings together leaders from across the multifamily sector—including Equity Residential, Related California, Hanover Residential, Thorofare Capital, Marcus & Millichap—sharing real insights from the companies shaping our industry. Whether it’s investment strategies, regulatory outlooks, or growth trends, this one-day event in LA on September 11 gives you direct access to the execs who make the decisions. Don’t just attend—connect with the companies driving change: www.connectapts2025.com

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