HSL Properties has announced its purchase of El Dorado Place Apartments, at 1150 N. El Dorado Place in Tucson, AZ, from CityView Tierra Antigua 147 LP, for a purchase price of $12 million.
HSL Properties, a Tucson-based company, currently owns and operates over 9,400 apartment units in 37 apartment communities in Arizona. The company is also developing several luxury apartment communities throughout Tucson, including the 304-unit luxury apartment community at Riverside Crossing scheduled to open in October 2011.
Tucson, AZ (08/24/11) – HSL Properties has announced its purchase of El Dorado Place Apartments, at 1150 N. El Dorado Place in Tucson, AZ, from CityView Tierra Antigua 147 LP, for a purchase price of $12 million. HSL Properties, a Tucson-based company, currently owns and operates over 9,400 apartment units in 37 apartment communities in Arizona. The company is also developing several luxury apartment communities throughout Tucson, including the 304-unit luxury apartment community at Riverside Crossing scheduled to open in October 2011.
HSL Properties has owned El Dorado Place apartment in the past. The 147-unit El Dorado Place, originally built in 1979, was sold by HSL Properties to CityView in 2005 for $11.4 million. The property underwent an $8.7 million renovation in 2006 and 2007, as the previous owners anticipated converting the property to condominiums. HSL Properties will continue to rent the luxury one- and two-bedroom units as apartments, offering a contemporary and beautifully detailed community to Tucson renters.
El Dorado Place Apartments offer gourmet kitchens, spacious walk-in closets, private balconies and patios, wood burning fireplaces, granite slab kitchen counters and showers and dual pane windows. The community features a sparkling pool, high-speed Internet access, guest parking and on-call maintenance.
HSL’s goal for El Dorado Place is to offer consistency of management for current residents, while also introducing new customer service programs to enhance its residents’ lifestyle.
For more information about El Dorado Place Apartments or HSL Properties, please visit www.hslproperites.com.
About HSL
Formed in 1975, HSL Properties currently owns and operates over 9,400 apartment units in 37 apartment communities and has become the largest apartment owner in Southern Arizona. HSL Properties was originated with the concept of creating value for its investors by providing excellent service to its residents while controlling operating costs. Visit www.hslproperties.com for more information.