SEATTLE--(BUSINESS WIRE)--Investors Capital Group (ICG), a multifamily investment firm headquartered in Seattle, Washington, has announced the acquisition of “Equestrian Luxury Apartment Homes,” a 288-unit multifamily property located in Tucson, AZ.
The property sits on 13.5 acres, and includes amenities such as a clubhouse, fitness center, business center, pool/spa, dog park, BBQ stations, and package lockers.
“Equestrian is a well-located, quality project in north Tucson. We are excited to acquire such a high-quality asset in a great location,” said Mick Halpin, Principal and Managing Member at ICG. “We believe the project will benefit from the trend of reshoring manufacturing.”
The Equestrian apartment community is poised to take advantage of the expected job and population growth in the area. ICG was attracted to this property not only for its great location, but also because it serves a growing need to provide attainable housing for residents of Tucson making 80-120% of the area median income. ICG sees this as a segment of the multifamily housing market that is currently underserved and looks forward to continuing to invest in communities across its footprint.
About Investors Capital Group (ICG)
ICG is a Seattle-based real estate investment firm that focuses on opportunistic acquisitions and quality management of multifamily residential properties across the Western United States to provide attractive returns for accredited investors.
With over two decades of experience, ICG has purchased more than $2 billion worth of multifamily housing. The firm is rooted in an extensive background in property management with a conservative underwriting philosophy that lends itself to creating significant value through prudent acquisitions and seasoned asset management, leading to generating above-market returns for investors. ICG strives to build strong relationships with investors, owners, and real estate professionals.
