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Break of Day Capital, a private equity real estate firm, is proud to announce its 11th acquisition in Tucson, AZ, and its third acquisition in the BODC Multifamily Impact Fund. La Posada, which will be renamed Icon on Headley, is a 136-unit property with one- to three-bedroom units at 6300 S Headley Road in Tucson.

La Posada, a $22,350,000 purchase ($164,338 per unit), is close to major employers in the area and within a few miles of three other properties owned by Break of Day Capital. The 1999 garden-style apartment complex will undergo value-added capital improvements: unit renovations, landscaping, and amenity upgrades.