WGA North Euclid Avenue LP is the seller of record for thehandoff at 931 N. Euclid Ave., which is close to the university.The parents and students alike plus investors make up the targetmarket, according to Robert Selby Brauchli, a multifamilyinvestment sales specialist with Marcus & Millichap Real EstateInvestment Brokerage Co. in San Diego. "There's a high demand andlow supply for this type of housing despite the softening overallof the condo conversion market in Tucson," Brauchli tellsGlobeSt.com.

Brauchli, the buyer's broker, predicts that an increase instudents combined with the university's growth most likely willspur demand. The complex also is located in a historic area witholder homes that investors are buying, renovating and renting tostudents. "Given the demand in that area and the limited supplyavailable, this makes sense from an investment perspective,"Brauchli stresses.

Long Realty Co. of Tucson, which is handling unit sales, isalready beginning to see some good interest, Brauchli continues."With school having started around the closing, they beganmarketing to incoming students and parents," he says, "and Iimagine they'll get a few dozen sales out of what they've alreadydone."