Arbitrage is when an investor purchases an investment property below market value and quickly sells or rents it for a profit. Real estate arbitrage occurs when a real estate investor purchases an investment property and sells it simultaneously at a higher price.Arbitrage in real estate is a type of investment strategy where real estate investors find new investment properties, rent them, and then sublease them. In real estate arbitrage, used as a verb "arbitraging," means to buy one property and then sell that same property for a profit. Arbitrage in real estate refers to the practice of taking advantage of price differences between markets or formats to make a profit. Arbitrage is the simultaneous purchase and sale of the same asset in different markets in order to profit from a difference in its price. Real estate arbitrage refers to the practice of taking advantage of price differences in different markets or times to make a profit. The Pima County Treasurer (hereinafter referred to as "the Treasurer") invests monies on deposit until the depositor withdraws the money. Complete this form to indicate whether the institution does or does not concur with the recommendations from the peer review team or panel. We are pleased to provide you with the Annual Comprehensive Financial Report (ACFR) of the Pima County.