Avenue North Sells Yardz on Kolb
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Avenue North Sells Yardz on Kolb

Avenue North Sells Yardz on Kolb

January 2020

After acquiring the Mirabella apartments (rebranded to Yardz on Kolb) in December of 2016 for $15,225,000, Avenue North sold the 410 unit apartment property to a private investment group for $36,700,000 in January 2020.

Berkadia’s Art and Clint Wadlund were the brokers on the transaction.  The property is located in Tucson, AZ and was built in the 1970’s.

Avenue North invested significant capital into the property during the hold period.  The company is seeking additional value-add opportunities in the southwestern United States.