Mesa, AZ (December 3, 2025) – InTrust, a leading real estate investment firm, today announced the successful acquisition of Coral Point Apartments, a 337-unit multifamily community located in the highly desirable Mesa-Tempe corridor of Mesa, Arizona. The property was secured in an off-market transaction, underscoring InTrust’s ability to identify and execute on high-quality investments amid constrained transaction activity.

The property will be immediately rebranded and repositioned as Morrison in Mesa. The planned value-add strategy includes focused interior upgrades and comprehensive amenity improvements, designed to elevate the resident experience, reinforce the community’s long-term competitiveness, and support stronger leasing performance.

“Securing this asset off-market at a compelling basis during a selective market period highlights InTrust’s ability to uncover value,” said Josh Needle, CEO. “This acquisition adds significant operational scale and efficiency to our existing Arizona footprint, which continues to be a fundamental market for our firm.”

InTrust extends its appreciation to Michael Koshet of KW Commercial, who brokered the transaction and represented both the buyer and the seller, for his pivotal role in sourcing and facilitating this off-market opportunity. InTrust also thanks its investors, capital partners, and industry colleagues for their support in the successful completion of the transaction. The Fund remains active in raising capital and evaluating new opportunities aligned with its criteria.

InTrust is an owner-driven real estate investment company led by principals with an institutionally vetted track record in real estate debt and equity investments. The firm is recognized for its ability to add meaningful value to underperforming properties, serving both institutional and high-net-worth investor clients. InTrust consistently delivers on its commitment to acquire properties and implement strategic improvement programs that enhance operational performance and long-term value.

The company’s primary focus is on acquiring “value-add” multifamily opportunities in supply-constrained, infill markets with strong fundamentals and recent institutional investment. InTrust leverages deep market knowledge and strategic relationships to identify and secure off-market deals, often in areas dominated by private, long-term ownership.

InTrust targets high-barrier-to-entry markets with aging housing stock and strong growth prospects. Preferred markets include Phoenix, Las Vegas, Salt Lake City, Oklahoma City, San Francisco, and Southern California. The company’s approach is rooted in deep local expertise, enabling it to execute business plans effectively and identify opportunities ahead of industry peers.

TUCSON, AZ (December 3, 2025) — The City of Tucson is pleased to announce the appointment of Laura Dent as the new Director of Federal and State Relations, effective November 16, 2025.

In this role, Laura will lead the City’s intergovernmental strategy, advancing Tucson’s priorities with state and federal partners and securing resources that strengthen City services and infrastructure.

Laura joins the City with more than 17 years of experience in public affairs, including previous leadership roles in policy development, legislative advocacy, and campaign management. She will serve as Tucson’s primary liaison to Arizona’s congressional delegation, state legislators, and key agency partners, ensuring the City’s voice is heard on issues including infrastructure funding, housing, climate resilience, public safety, and economic development.

Mayor Regina Romero welcomed Dent’s appointment, emphasizing the importance of strong intergovernmental relationships.

“Tucson’s success is tied to our ability to work effectively with our partners in Phoenix and Washington, D.C.,” said Mayor Romero. “Laura’s experience and relationships will help ensure Tucson has a strong advocate for the resources and policy support we need to build a safer, more sustainable, and more equitable city.”

“Laura brings exceptional experience and energy to this position,” said City Manager Tim Thomure. “Her deep understanding of government relations and her passion for our community will be vital as we continue to advocate for Tucson’s residents and ensure our community’s needs are reflected in state and federal policy.”

Dent said she is honored to join the City’s leadership team.

“I am very excited to be returning to the City of Tucson,” Dent said. “I look forward to representing Tucson’s interests at every level of government and working to build strong partnerships that deliver real results for our residents and our community.”

Laura is a double graduate from the University of Arizona with a Bachelor of Arts in Political Science and a Master of Public Administration. She is an experienced organizer, policy analyst, executive, and political advisor. She most recently served as Campaign Manager for Arizona for Abortion Access, a statewide citizens’ initiative that successfully enshrined the right to an abortion in Arizona’s constitution in 2024.

Laura was named one of the Southern Arizona Hispanic Chamber of Commerce’s 2025 40 Under 40 Honorees.

The Director of Federal and State Relations is part of the City Manager’s Office and coordinates closely with departments across the organization to support grant opportunities, policy advocacy, and legislative strategy.

This summary was inspired by an article written by Benjamin Tate, partner and land use attorney at Withey Morris Baugh, PLC.

ARIZONA (December 3, 2025) — Arizona’s House Bill 2447 takes effect on December 31, 2025, and it’s set to fundamentally reshape how cities and towns handle site plan and development reviews statewide.

Under the new law, municipal staff must review and approve certain development applications—such as site plans, plats, landscape plans, and design reviews—administratively, without a public hearing. HB 2447 requires every municipality to adopt objective, quantifiable review standards that are clearly defined, measurable, and free from subjective judgment.

For developers, the impact is immediate and significant:

• Faster approvals with fewer bottlenecks.
• Less procedural uncertainty as staff must apply objective criteria.
• More predictable timelines that support financing and construction schedules.

For municipalities, HB 2447 represents a significant shift. Cities must rewrite zoning codes, design standards, and review procedures, and train staff to apply objective criteria consistently.

Many jurisdictions—especially those that relied heavily on design review boards—are now racing to update their ordinances before the year-end deadline.

The result? Streamlined reviews and faster development execution. Many applications that once required public hearings will now bypass commissions and councils entirely, reducing opportunities for subjective or inconsistent decision-making.

However, rezonings, variances, and conditional use permits will still require public hearings. For routine, code-compliant projects, HB 2447 shifts Arizona toward an efficient, rules-based system focused on certainty and objectivity.

As December 31 approaches, applicants should:

• Review updated checklists, flowcharts, and ordinance sections.
• Understand new objective design standards in each jurisdiction.
• Confirm timelines, resubmittal procedures, and review cycles.
• Account for these changes when negotiating PSAs or preparing proformas.

Practice Tip – Site Plan and Design Review:
Familiarize yourself with each municipality’s updated process, as some will see significant changes that could affect timelines and submittal requirements. This preparation will be invaluable as you navigate early development stages.