ADDRESS: 3535 N. 1st Avenue
Tucson, AZ 85719
DATE AQUIRED: November 2020
DATE SOLD: Oct 19, 2022
NUMBER OF UNITS: 258
YEAR BUILT: 1976
PURCHASE PRICE: $18,100,000
SALE PRICE: $35,150,000
Lorenzo Waller joined Tower 16 as an Asset Manager in 2024. Mr. Waller manages the day-to-day operations of multifamily properties across the portfolio in Arizona, California, Nevada, and New Mexico, executing both value-add and stabilized business plans.
Before joining Tower 16, Mr. Waller worked in Asset Management at Reliant Group in San Francisco, where he oversaw a portfolio of market rate and affordable multifamily properties across Washington, California, and New Mexico. Managing value-add renovations, new development projects, and stabilized sites, Mr. Waller has experience operating multifamily assets as well as managing associated construction and development projects.
Mr. Waller attended California Polytechnic State University in San Luis Obispo, where he received a Bachelor’s Degree in Economics & Political Science.
Owen Boss is a Financial Analyst at Tower 16 and joined the firm in 2024. Mr. Boss assists with asset management and treasury activities, including maintaining asset management models, generating comprehensive asset reports for stakeholders, and providing ad hoc analysis to support team decision-making processes.
Prior to joining Tower 16, Mr. Boss was a Financial Analyst at Genton Cockrum Partners, a multifamily real estate developer based in Los Angeles. There, he focused on financial modeling and analysis specific to the multifamily real estate sector.
Mr. Boss holds a Bachelor of Science in Corporate Finance and Accounting from Clemson University.
Brittany McBride is a Project Coordinator at Tower 16 and joined the firm in 2022. Ms. McBride plays an integral role in the Construction Management department, including renovation management, purchasing and contract negotiations, as well as deferred maintenance tracking throughout the portfolio.
Prior to joining Tower 16, Ms. McBride held various management and supporting roles with construction and subcontractor companies throughout Southern California.
Dave McClain serves as Director of Acquisitions for Tower 16 Capital Partners and joined the Company in 2021. Mr. McClain is responsible for oversight and management of the Company’s acquisition and investment activity.
Before joining Tower 16 Capital Partners, Mr. McClain served as an Associate for Rockpoint Group where he was involved in Rockpoint’s western United States investment and asset management activities. Prior to Rockpoint, Mr. McClain worked at Morgan Stanley in the Real Estate Investing Group where he focused on acquisitions and asset management activities across the western United States. Prior to Morgan Stanley, Mr. McClain worked at Hillcrest Finance in the Originations group where he focused on underwriting, due diligence and originations of mezzanine loans and preferred equity investments across the United States.
Mr. McClain received a B.B.A. in Real Estate & Urban Land Economics and Marketing from the University of Wisconsin – Madison where he was also a member of the Men’s Varsity Rowing Team.
Joe Anfuso joined Tower 16 Capital Partners in 2020 as an Asset Manager. His responsibilities include oversight and management of the Company’s multifamily assets located in Southwest United States. Mr. Anfuso plays a critical role in the initial acquisition of assets, through property manager selection and oversight, asset reporting and the eventual sale of all investments.
Mr. Anfuso has over 15 years of experience in real estate investment, development, and management during his career. Prior to joining Tower 16, Mr. Anfuso was the Director of Acquisitions and Asset Management for Presidio Residential Capital, a real estate private equity firm located in San Diego, CA.
Mr. Anfuso graduated with a Bachelor’s degree in Finance from Northern Arizona University and a Master’s in Real Estate degree from the University of San Diego.
Jodi Pedo is a Construction Coordinator at Tower 16. In her role, Jodi is responsible for coordinating contracting, scheduling and vendor management for all of Tower 16’s construction activities. Jodi reports directly to the Director of Construction and worked closely with both asset management and accounting teams to ensure all construction projects are on-time and all vendors are compliant with Tower 16 policies.
Prior to joining Tower 16, Ms. Pedo was a project coordinator for a San Diego based construction company where she focused on scheduling, coordinating and ensuring completion of projects located throughout San Diego. Jodi has held numerous construction related positions for several prominent builders in the San Diego area during her career. In addition, Jodi spent several years as a legal assistant and office manager for a prominent San Diego law firm.
Jodi attended both Mira Costa and Palomar Colleges in San Diego and became a Notary Public in 2008.
Karen Webb joined Tower 16 Capital Partners in 2018. Ms. Webb has over 18 years of experience in Real Estate Finance. Prior to joining Tower 16, Ms. Webb was the Vice President of Finance for the Commercial Property Group (CPG) at Rialto Capital where she specialized in the integration of the accounting, asset management, and financial reporting of all CPG assets in the Rialto real estate investment platform.
Prior to Rialto, Ms. Webb worked for Newland Communities, the country’s largest master-planned community developer, for over 15 years as the Regional Financial Manager responsible for the financial management of all of Newland’s west coast assets.
Ms. Webb graduated from California State University San Marcos with a Bachelor’s degree in Business Administration with an emphasis in Accounting.
Tyler Pruett is a Principal and Co-Founder of Tower 16 Capital Partners. At Tower 16, Mr. Pruett oversees all acquisitions and new investments. Prior to establishing Tower 16, Mr. Pruett was a Regional Vice President for Rialto Capital, a real estate private equity company and subsidiary of Lennar Corporation. As a key member of the team, Mr. Pruett was responsible for sourcing both multifamily and residential development investment opportunities throughout the Western United States.
Prior to Rialto, Mr. Pruett spent several years with The Halifax Group, a consulting firm that specialized in real estate workouts and dispositions for Banks and Receivers during the last market downturn. Prior to Halifax Group, Mr. Pruett was with Lennar Corporation in their San Diego division. There Mr. Pruett was a Project Manager responsible for the entitlement and site development of several residential communities consisting of over 700 residential lots and over 100 acres of commercial land.
Mr. Pruett graduated with a Bachelor’s Degree in Finance from Boston College and is a licensed real estate broker in the state of California.
Mike Farley is a Principal and Co-Founder of Tower 16 Capital Partners. At Tower 16, Mr. Farley oversees all operations and capital raising efforts. Prior to starting Tower 16, Mr. Farley was a Managing Director with Rialto Capital where he headed their real estate group for the Western United States. Mr. Farley was responsible for management of the Company’s real estate investments from Denver to the West Coast, managing a team of twelve professionals focused on value-add commercial real estate investments and residential development projects.
Prior to joining Rialto, Mr. Farley was the Regional Vice President of Acquisitions for Lennar’s San Diego homebuilding division between 2004 through 2009. From 1999 to 2003, Mr. Farley was an Associate with Arthur Andersen’s Global Corporate Finance Group based in Los Angeles, CA. During his time with Arthur Andersen, Mr. Farley advised companies on mergers, acquisitions and capital raising, working on projects both domestically and abroad. Mike began his career in 1997 as an analyst with Prudential Securities.
Mr. Farley received a Bachelor’s Degree in Finance from the University of Southern California and an M.B.A. degree from the University of San Diego.
