The 196-unit Springs at Continental Ranch located in Tucson, Arizona
recently received top honors and industry-wide recognition at the 19th Annual Tributes Awards, sponsored by the
Arizona Multihousing Association. The Tributes Awards recognizes the state’s outstanding multifamily properties,
teams and individuals in a variety of categories. The AION Partners owned property was presented with the Best
Team and Community Award for Properties Built Between 1992 and 2002.
In evaluating nominees, judges were required to evaluate the properties’ overall performance, the general
condition of the asset from both a physical and a fiscal perspective, the industry experience and education of the
on-site team as well as their problem solving abilities and overall presentation skills. A total of 24 management
companies and property owners submitted more than 340 nominations for consideration. “I am delighted with the
award received by The Springs and we will continue to use the property as an example of operational excellence
throughout the rest of our portfolio” said AION Partners Managing Director Michael Betancourt. Aion Partners
purchased The Springs at Continental Ranch in 2009. The property is managed by Phoenix-based Allison Shelton
Real Estate Services.
Based in New York City, AION Partners acts as principal and arranger of opportunistic real estate investments in
the US and was founded by the principals who built the real estate investment and asset management company
DCD America over the last decade. The AION team has a proven track record of creating value and managing risk
through redeveloping, repositioning and managing assets in order to maximize returns to its investors.