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 of Clint Wadlund, Hamid Panahi, Steve Gebing, and Cliff David marketed the property.
Rooms range in size 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
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