Raphael Toledano’s Sorrento Realty Group Sells 325-Unit Tucson Community for $31.5M

Sorrento Realty Group completes the sale of Avani North as part of its long-term strategy of investing in and operating high-quality multifamily communities across the Sunbelt.
Sorrento Realty Group, led by founder and CEO Raphael Toledano, who is also known as Rafi Toledano, has sold Avani North, a 325-unit multifamily community in Tucson, Arizona, for $31.5 million to Tower 16 Capital Partners, marking another milestone in the company’s disciplined portfolio strategy.
Located at 2660 N.