One of the ways we provide our investors an excellent return on investment is through our intensive asset management. Importantly, we flexibly tailor our approach to meet the needs of each investment. When we acquired Tanque Verde Apartments, this distressed apartment community had fallen on hard times and required significant redevelopment. We immediately began a large rehabilitation which included new roofs, new balconies and new interiors. We also coupled improved building insulation with newly installed Solar Power and Solar Hot Water systems to ensure the energy sustainability of this property. Clearly, Tanque Verde is an example of using new approaches to achieve old fashioned success.
We still own the gated 426 unit Tanque Verde apartment community which is prominently located on East Tanque Verde Road in the northeastern Tucson metropolitan area. Nestled at the base of the majestic Santa Catalina Mountains but only ten miles from the central business district, Tanque Verde Apartments offer the best of two worlds: a friendly suburban atmosphere with the proximity of city life close enough for every day convenience, but far enough away to leave it all behind.
The property consists of 23 two- and three Story two-story, garden-style buildings with studio, one- and two-bedroom units in nine individual floor plans averaging 607 square feet. Interior amenities include air conditioning, ceiling fans, dishwashers, frost-free refrigerators, microwaves and window blinds. Select units include private balconies or patios, fireplaces, private entries, storage and walk-in closets. Community amenities include a clubhouse with kitchen, swimming pool and spa, laundry facilities, tennis, basketball and racquetball courts, playground and barbeque areas.