AndMark Buys The Place at 2120 in Phoenix

SaleMultifamily & Mixed-useTucson

Reported Oct 19, 2026 · Source: Institutional Property Advisors

Source: Institutional Property AdvisorsRead the full report at Institutional Property Advisors ↗

Deal details

Buyer
AndMark
Seller
The Founders Group
Price
$18.05M
Size
202 units
Price per unit
$89,356 per unit (our calculation)
Asset class
Multifamily & Mixed-use
Transaction
Sale
Sub-market
Tucson
Metro
Phoenix
Reported date
Oct 19, 2026

Summary

Panahi and Wadlund represented the seller, The Founders Group and procured the buyer, AndMark. The asset traded for $18.05 million, or $89,356 per unit. Source: Institutional Property Advisors (IPA).

Summarized from the article; the quoted lines below are from the article itself.

Source: Institutional Property Advisors

Read the full report at Institutional Property Advisors. What the article says:

  • Deal / Size
    IPA announced today the sale of The Place at 2120, a 202-unit multifamily property in Tucson, Arizona.
  • Deal
    19, 2026 – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI) dedicated to serving the company’s institutional clients, announced today the sale of The Place at 2120, a 202-unit multifamily property in Tucson, Arizona.
  • Buyer / Seller
    Panahi and Wadlund represented the seller, The Founders Group and procured the buyer, AndMark.
  • Price
    The asset traded for $18.05 million, or $89,356 per unit.

Frequently asked questions

Who bought The Place at 2120?
AndMark bought The Place at 2120 in Tucson, Phoenix, according to Institutional Property Advisors.
How much did The Place at 2120 sell for?
The reported price is $18.05M, per Institutional Property Advisors.
Who sold The Place at 2120?
The seller was The Founders Group, per Institutional Property Advisors.

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Compiled from public sources; details can differ between sources. Always verify with the linked source.