Sales and leases

This site at 50 N. Mountain Ave. was purchased along with three other complexes for more than $6 million. The apartments cater to former fraternity and sorority members near the University of Arizona.

Four complexes that cater to former fraternity and sorority members who still want to live together have sold for more than $6 million.

Located near the University of Arizona, the properties have up to 16 bedrooms per unit, said Jarrett Reidhead, the developer who sold the properties to the Reeve Family Trust.

The first property in the portfolio is 4-units, 32 bedrooms at 50 N. Mountain Ave. for $2.2 million.


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