Landmark and Harrison Street Sell Retreat at Tucson to Clarion Partners

Tucson, Ariz. — The 774-bed property boasts some of the highest-end amenities in the Tucson market.

Retreat TucsonWEBLandmark has built the largest
multi-tiered pool in the city
at Retreat at Tucson.
Tucson, Ariz. 
— Landmark Properties and equity partner Harrison Street Real Estate Capital have sold the Retreat at Tucson to a client of Clarion Partners, a real estate investment management firm based in New York. The cottage-style community was the ninth joint venture partnership between Harrison Street and Landmark, and the partnership in total has produced 13 properties containing 9,090 beds. The 21-acre size and the style of development of Retreat at Tucson, located one mile from the University of Arizona, have received attention because close-to-campus space tends to be dense and vertical in design, unlike this single-family-home-style of building. The amenities are also of note, with the largest, multi-tiered pool in Tucson and a luxury spa component that interior designer Jill Lung has called a "first" for student housing. Landmark will continue managing the property. The 774-bed project was completed in August and achieved a level of 99.6 percent occupancy.

 

 

 

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