State land auctioned in Tucson

By Karen Schutte | Real Estate Daily News

TUCSON, ARIZONA — Much needed housing in Tucson was the focus of 184 acres State of Arizona land near Valencia and Houghton Roads in Tucson that appraised at $14.5 million that was auctioned Wednesday.

The winning bid was $44 million and the Winning bidder: American Homes 4 Rent(AMH) of California, a new builder to Tucson building single family homes to rent rather than for sale.

State trust land was granted to Arizona by the federal government in preparation for statehood in 1912. Arizona is one of 21 states that manage a total 500 million acres.

READ ON:

Share this!

Additional Articles

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

News Categories
July 2021
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031