July 2011
Holualoa Acquires 288-unit Arcadia Apartments in Tucson, Arizona

Arcadia is a Class B community well-located in mid-town Tucson, near the Williams Centre Central Business District and our 2010 acquisition of Condos at Williams Centre. Many of the favorable characteristics of Condos at Williams Centre are also found at Arcadia, such as proximity to employment, abundance of amenities for residents, and an above-average “walkability score.” Holualoa acquired the property via purchase of the lender’s non-performing note secured by the property.