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Northland Investment Corp. Expands Footprint in Tucson, Ariz.

Aerie Development Sells Pima Canyon for $44.8 Million
The Pima Canyon apartment complex in Tucson, Arizona, has the potential for a second phase of development, which would add an additional 50 units. (CoStar)
The Pima Canyon apartment complex in Tucson, Arizona, has the potential for a second phase of development, which would add an additional 50 units. (CoStar)
By Jonelle Lenz
CoStar Research
September 18, 2019 | 7:44 P.M.

Newton, Massachusetts-based private equity firm Northland Investment Corp. purchased the Pima Canyon apartment complex in Tucson, Arizona, from local investor Aerie Development for $44.85 million, or about $187,000 per unit.

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IN THIS ARTICLE


  • Properties
  • Contacts
    • Arthur Wadlund

      Senior Managing Director Investment Sales, Institutional Property Advisors

    • Clint Wadlund

      Senior Vice President Investments, Institutional Property Advisors