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Next Wave Investors has sold the Orange Tree Village Apartment Homes in Tucson, Arizona, for $15.9 million to a partnership between BlueSky Equity, Vista Laguna Asset Management, Hamick Asset Management and Valley Oaks Capital. The investor purchased the property in 2018, and completed a capital improvement strategy that drove significant rental value at the property.

Orange Tree Village features 22 one- and two-story buildings on 9.13 acres with a mix of 20 one-bedroom units, 66 two-bedroom units and 24 three-bedroom units, with a weighted average of 1,274 square feet.

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Kelsi Maree Borland

Kelsi Borland is a freelance writer and editor living whose work has appeared in such publications as Travel + Leisure, Angeleno and Riviera Orange County.

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