MIAMI, FL - DIJ Properties announced the acquisition of Los Portales Apartments. The asset includes 416 units and spans an area of 16.0 acres.
Conveniently located in the heart of east-central Tucson and close proximity to mayor employers including GEICO, three hospitals, and The Broadway Corridor, the highest concentration of retail establishments in all Tucson.
DIJ Properties will implement a strong capital expenditure program to renovate and remodel the asset. This program will concentrate on creating new picnic areas, professional fast-soccer courts, a gated community, illumination, BBQ areas, laundry rooms, remodeled swimming pools, colorful playgrounds, fitness areas and even a pet park.
“We are excited to announce our acquisition of Los Portales in Tucson, AZ. This is an undervalued area where we believe we can provide dignified living to our residents and unlock value for our investors.”, stated Gerald Jorge, the Chief Financial Officer at DIJ Properties.
About DIJ Properties: Headquartered at Miami, DIJ Properties is a renowned asset management company which owns, acquires and manages multifamily apartments across the US. The company offers full-service property management services, comprehensive landscaping, maintenance and professional accounting services. The firm also guides investors with strategic corporate branding and advertising campaigns to attract quality leasing traffic, lead management and information management services.
DIJ achieves significant internal rates of return for investors and has vast asset management experience with a successful 250+ million-dollar transaction volume.