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April 24, 2024
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Inland Real Estate Acquisitions Affiliate Buys 484-Bed Student Housing Community in Tucson, AZ

3/28/24

An affiliate of IL-based Inland Real Estate Acquisitions purchased The Parker, a 484-bed pedestrian student housing community located across the street from the University of Arizona in Tucson, AZ. The property was sold by Houston-based The Dinerstein Companies and Chicago-based Harrison Street Real Estate.

Located at the UArizona’s E. 2nd St entrance along North Park Ave, The Parker boasts the premier pedestrian location in the market. The property is located across the street from the Fox School of Music and is a short walk to the Student Union, the College of Education, and many engineering buildings and libraries. Main Gate Square, the premier shopping and entertainment district for UA students, is located just a block and a half from The Parker.

The LEED Silver®-certified building offers a range of unparalleled amenities and luxury features. Its contemporary clubhouse includes study spaces, a social lounge, a fitness center, and a community kitchen. There are also dedicated study lounges and private rooms on the second and eighth floors. Outdoor amenities include a turfed courtyard with seating areas, a fire pit, cornhole, and a rooftop pool and lounge with panoramic views of campus and the nearby mountains. The property also has an on-site Chase Bank. The units are fully furnished with modern finishes and features such as granite countertops and stainless steel appliances. There are one to six-bedroom options, with most units offering bed-to-bath parity.

Jaclyn Fitts, William Vonderfecht, Casey Schaefer and Jeff Casper, along with Mark Cosenza with Inland Real Estate Acquisitions and Brett Smith of The Inland Real Estate Group, represented the seller in the transaction. The price was not disclosed.




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