Sol Y Luna

University of Arizona
365 Units | 977 Beds

TSB Realty was engaged by Kayne Anderson Real Estate to sell Sol Y Luna (previously known as Next and Level) via an off-market process directly approaching known core buyers of student housing. TSB Realty secured multiple offers for the property from proven buyers. The property was successfully sold in November 2015 to a joint venture of GMH Capital Partners and Principal. Sol Y Luna was sold as part of a small portfolio with Rise (College Station, Texas).

Property Summary
• High-Rise Student Housing
• Ground Floor Retail
• 365 Units | 977 Beds
• Year Built: 2013 and 2014
• Deal Closed: November 2015

Property Amenities
• Adjacent to the University of Arizona
• Fully Furnished Apartments w/ Cable & Internet
• Rooftop Pool
• Assigned, Garage Parking
• Fitness Center with Yoga/Dance Studio

Property Description
Sol Y Luna was originally developed by CA Ventures as two separate properties in 2013 and 2014. The property provides students from the University of Arizona with luxurious accommodations and great convenience. The high-rise property features fully furnished apartments, modern kitchens with euro-style cabinetry, granite countertops, stainless-steel appliances, walk-in closets and private balconies. The common area amenities exceed any comp in the marketplace with assigned garage parking, outdoor TV lounge, fire pits, hot tub & steam room, rooftop pool, fitness center, yoga/dance studio, tanning beds, and first-floor restaurants.