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TMR Investments has officially sold Circ Tucson Apartments, a 368-unit multifamily community located in the Casa Adobes neighborhood of north Tucson, Arizona. The sale marks the end of a successful ownership journey that began in July 2019, when TMR first acquired the property, originally built in 1986. The transaction was marketed by an IPA team consisting of Clint Wadlund, Hamid Panahi, Steve Gebing, and Cliff David.
Circ Tucson features a variety of units ranging in size from 633 to 1,043 square feet, with monthly rents between $1,065 and $1,450.
Over the past six years, TMR has made significant capital investments to enhance the property’s appeal and resident experience. Notable improvements include:
– Renovation of 240 residential units
– A redesigned clubhouse and upgraded fitness center
– Modernized amenity areas, including enhancements to the pool and spa
– Installation of electric vehicle charging stations
These upgrades have not only revitalized the property but also positioned it as a highly attractive asset in the Tucson multifamily market.
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