TUCSON, Ariz. – November 5, 2020 – Berkadia today announced the sale of Entrada Modern Apartment Homes, a 424-unit garden-style multifamily property in Tucson, Arizona. Senior Managing Director Art Wadlund and Director Clint Wadlund of Berkadia’s Tucson, Arizona office completed the $65.5 million sale on behalf of the seller, Salt Lake City-based Millburn and Company. The buyer was Seattle-based Thayer Manca Residential, and the deal closed on October 30.

“Entrada is a great property and very well-located. Due to these factors, we had a ton of interest,” said Art Wadlund. “Thayer Manca is a long-time client. We recently sold another property to them and they performed perfectly, so they were selected to purchase Entrada. Both buyer and seller were great to work with and the transaction was extremely smooth from start to finish.”

Located at 4545 N Via Entrada, Entrada Modern Apartment Homes features one-, two- and three-bedroom floor plans with quartz countertops, stainless-steel appliances, fireplaces and walk-in closets. Community amenities include a fitness centner, a yoga room, a dog park, a picnic area and a swimming pool. Residents are afforded convenient access to Rillito River Walk Park Trail and the Tucson Mall.