Inland acquires student housing property at the University of Arizona in Tucson

Inland Real Estate Acquisitions has purchased a 484-bed student housing property in Tucson, Ariz.

The 131-unit property, named The Parker, was developed in 2021 and consists of 13 studio, 52 two-bedroom, seven three-bedroom, 46 four-bedroom, 20 five-bedroom and 19 six-bedroom units. Each unit is fully furnished with wood-style flooring, modern furniture, memory-foam mattresses in each bedroom, TVs in each living room, private locks on bedroom doors, granite countertops, a full-size washer and dryer, valet trash service and electronic key-card access.

“The Parker was an attractive acquisition due to its prime location directly across the street from the University of Arizona’s main walking thoroughfare, consistent occupancy rates and the university’s projected enrollment