Ascent on Pantano

Details

Ascent on Pantano is a 196-unit, value-add, multi-family community constructed in 1982. The property consists of 1-bed / 1-bath and 2-bed / 1-bath, units with classic unit interiors.  Rincon’s business plan includes renovating the unit interiors with new modern finishes including new cabinets,countertops, faux-wood flooring, modern fixtures, and stainless steel appliances.  The renovation plan also includes significant improvements to building exteriors including new paint and roofs and to community amenities including an expanded, modern fitness centerand remodeled leasing center.

The Property is located in the Far East submarket of Tucson. There are numerous employment, dining, entertainment, and retail options within proximity to theProperty via the Broadway Corridor.  The Broadway corridor includes 4M+ sf of retail, 100+ restaurants, cafes and pubs, 200+ stores and a 68% white collar workforce. Broadway, a major east-west thorough fare in the metro, connects the Far East Submarket to Interstate-10, the major highway system connecting Tucson to Phoenix.