TUCSON, ARIZONA (June 19, 2026) — Two Tucson assisted living properties sold on the same day in separate transactions to different buyers for a combined $56,999,900.
Broadway Proper Assisted Living Community, a 232-bed assisted- and independent-living facility at 400 S. Broadway Place, sold for $52 million ($224,137 per unit). The buyer was Tucson PropCo 1 LLC, an affiliate of PropCo Holding LLC of Irvine, California. The seller was Stellar Broadway Proper LLC, c/o Harrison Street Real Estate Capital of Chicago.
Broadway Proper was built in 1998 on 6.5 acres in Tucson’s east submarket. The 389,728-square-foot property includes three three-story buildings with studio, one-bedroom, and two-bedroom units. The community offers assisted living, independent living, and retirement care services, with amenities including dining areas, a fitness room, a clubhouse, outdoor areas, housekeeping, transportation, resident programming, laundry service, an arts and crafts center, a game room, a movie or theater room, a pool, and a Jacuzzi…