The Marquee on 5th

The Wildcat Group Delivers 96 “Affordable Luxury” Apartments, 100% Occupied

Tucson-based apartment redeveloper, The Wildcat Group, has completed their latest project, The Marquee on 5th, after a complete renovation and rapid lease-up period. "The property is 100% occupied through May with a waiting list of eager residents,” according to property manager Chris Johnson.

The company claims that “affordable luxury” is one key to their success. “The unique combination of brand new interiors and a fitness center overlooking the large sparkling pool, along with rental rates that are substantially below new construction apartments, are what create this strong demand,” according to The Wildcat Group's CEO Brandon Matheson. 

This 96-unit apartment community on the near east side of Tucson is one of a string of communities recently transformed by The Wildcat Group, preceded by The Beverly on 5th, The Ivy Apartments, and Wasko Apartments.

The common denominator for all of these apartments is the radical transformation that each community has gone through. Spending as much as $43,000 per unit on renovations, The Wildcat Group completely transformed these communities, originally built between 1949 and 1973, into highly attractive, modern apartment homes. 

“This place has done 360 on these apartments…I love everything that they have done to the place.” Marquee resident on Google Reviews

When a prospective resident stands inside one of these apartments everything they see looks brand new. To the eye, these properties could have been constructed last year. Modified layouts and redesigned interiors turn claustrophobic, outdated rooms into open, attractive spaces. And with newly-installed washers and dryers in every unit, the apartments are completely modernized.

“Our goal is to ensure that everyone who touches the project is successful...from our residents to our contractors, from our employees to our investors,” said Josef Lapko, The Wildcat Group’s Director of Procurement & Special Projects.

Renovations Cuts Monthly Water Bill by 51%+

There are also benefits to the environment. The Wildcat Group typically reduces water consumption at these properties by 50% and energy consumption by 20%. Wildcat Group communities use all low-flow toilets, WaterSense faucets, energy efficient washing machines and dishwashers, and typically replace or supplement grass with low water use landscaping appropriate to the local climate and landscape. 

“The water bill when we purchased the property in 2019 was averaging $10,042 per month. For the past few months in a row the water bill at the Marquee has been in the mid $4,000 range and we expect it to stay there year round. This is typical of what we are able to achieve and another way we add value to the property, by lowering operating expenses,” said The Wildcat Group’s Portfolio Director Jessica Hullum. 

The Future

The Wildcat Group is now taking its business model nationally, with a 233-unit apartment community already under contract in Florida. The team will apply a similar approach to that project, aiming to bring value to residents, communities, and investors while saving energy in the process.

The Wildcat Group is a vertically integrated multifamily redevelopment company that manages its projects and properties in-house.