Rincon Partners has paid $33 million, or $168,367/unit, for Canyon Heights, a 196-unit apartment property in Tucson, Ariz. The Phoenix investment manager purchased the property from South Coast Commercial, which was represented by Marcus & Millichap’s Institutional Property Advisors unit. The property was built in 1982 at 550 North Pantano Road, about 11 miles east […]

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