Pacific Transwest Buys Tucson Community for $32M
The asset previously traded in 2020.
Phoenix-based Pacific Transwest – Nevada Inc. has purchased Ventura Villas, a 312-unit community in Tucson, Ariz., for $31.8 million or $101,712 per unit. Urban Green Investments was the prior owner of the asset, Yardi Matrix information shows. Northmarq brokered the deal.
Prior to the transaction, Ventura Villas had been under Urban Green’s ownership for five years. The company acquired the property in 2020 for $19.1 million or $61,217 per unit, from Atlantic Development & Investments, according to the same source.
Northmarq’s President Trevor Koskovich, Managing Director Jesse Hudson, Vice President Ryan Boyle and Senior Associate Logan Baca led the Multifamily Investment Sales team that brokered the transaction.
Ventura Villas, up close
Developed in 1989, Ventura Villas consists of 13 three-story buildings across an 11-acre site at 6200 S. Campbell Ave. The community features one- and two-bedroom apartments with layouts between 532 and 770 square feet. Shared amenities include a swimming pool, basketball court, playground and grade-level parking with 412 spots.
The property is near the Tucson International Airport, 10 miles south of downtown. Major thoroughfares in the area include interstates 10 and 19, and Arizona State Route 210.
Tucson multifamily sales drop
In the first 10 months of the year, the Tucson multifamily market saw $173 million in investment sales, with nine properties trading at an average per-unit price of $153,519, Yardi Matrix data shows. Compared to last year, both the per-unit price and the total investment figure dropped significantly. Namely, the first 10 months of 2024 registered $274 million in sales, with seven assets changing hands at an average of $307,287 per unit.
Meanwhile, Phoenix ranked at the top of the list for the metros with the highest multifamily transaction volume in the first half of the year. The metro recorded $1.8 billion in sales, with 31 assets trading in the first six months of 2025. Phoenix’s investment figure in the first half of 2024 was lower by almost $100,000.
