Ares buys 183-unit, 774-bed student housing community, The Cottages at Tucson, for $91M ($497k/unit | $117k/bed)

  • 1/24/2025

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Formerly known as The Retreat at Tucson Student Housing, now rebranded to The Cottages at Tucson, southeast of Park & 22nd St. at 1000 E 22nd Street in Tucson sold for $91 million ($497,267 /unit). The off-campus student housing has 183 units and 774 beds in one-, two- and three-story buildings. The buyer is an affiliate of Ares Management, LLC, and the seller is Alden Street Capital Management.

Ares Management Corp (NYSE: ARES)
Marshall Hayes | Partner, Head of U.S. Multifamily Acquisitions

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