SCOTTSDALE, Ariz. — April 28, 2025 — After five years of strategic planning and stewardship, MC Companies is proud to commence construction on a highly anticipated multifamily housing project, Mason Ranch, in Tucson, Ariz. A renowned leader in multifamily investment, development, construction, and management, MC Companies is moving forward with construction at a time when strong demand and favorable market conditions make this an ideal moment to deliver a high-quality residential community.
Mason Ranch will be a premier Class A multifamily development featuring 312 luxury units in Tucson’s sought-after Tanque Verde submarket. Relative to other areas of Tucson, significantly less new multifamily supply has been added to the Tanque Verde submarket in recent years. Only one property—totaling 35 units—is currently under construction within a five-mile radius of Mason Ranch. Future residents will enjoy convenient access to grocery stores, restaurants, retail shopping, and natural attractions such as Mt. Lemmon Highway and scenic walking, hiking, and biking trails.
Originally conceived in 2021, the project has been a long-term vision for MC Companies. With the support of lender Kennedy Wilson and preferred equity partner Marble Capital, the project’s construction loan closed in late March. MC Companies will have majority ownership, build, lease up, and manage Mason Ranch. Site work has already begun, with vertical construction to follow immediately thereafter.
“This is a significant milestone for MC Companies, our investors, and our valued partners,” said Ross McCallister, co-founder of MC Companies. “Over the last 25 years, we’ve successfully developed and constructed 20 projects totaling more than 3,600 units across Arizona. Each investment has thrived, regardless of market conditions, and Mason Ranch will be no exception.”
The 363,436-square-foot project is expected to be fully completed around May 2027 and is currently projected to allow move-ins by the end of 2026.
About MC Companies
MC Companies is a premier real estate investment, development, construction, and management firm specializing in multifamily properties. Founded in 2001, MC Companies has executed on approximately $3.8 billion in multifamily assets. With corporate offices in Scottsdale and Tucson, Ariz., it owns and operates 7,000 residential units across 29 properties in Arizona, Texas, and Nevada. More than 1,000 additional units are in development or construction. Guided by its mission of “Sharing the Good Life,” MC Companies is dedicated to creating value for investors, residents, employees, and communities. Through its Sharing the Good Life Foundation, the company has supported over 500 charities with employee-requested grants.
For more information, visit www.mccompanies.com and follow MC Companies on LinkedIn at https://www.linkedin.com/company/mc-companies/.
About Marble Capital
Established in 2016, Marble Capital manages $2.5 billion in AUM across a series of private equity funds. The company provides flexible capital solutions for multifamily real estate developers and operators across the United States and has invested in or committed capital to ~48,500 multifamily units across $11.4 billion in transactions. Marble Capital is headquartered in Houston, TX and is managed by a group of accomplished real estate professionals with 150 years of combined experience in real estate finance, capital markets, development and operations.
About Kennedy Wilson
Kennedy Wilson (NYSE: KW) is a leading real estate investment company with over $28 billion of assets under management in high growth markets across the United States, the UK and Ireland. We focus primarily on rental housing, with over 60,000 multifamily and student housing units owned by the company or financed through our growing credit platform. Drawing on decades of experience, our relationship-oriented team excels at identifying opportunities and building value through market cycles, with more than $60 billion in total transactions closed across the property spectrum since going public in 2009. Kennedy Wilson owns, operates, and builds real estate within our high-quality, core real estate portfolio and through our investment management platform, where we target opportunistic investments alongside our partners. For further information, please visit www.kennedywilson.com.
