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January 18, 2022
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Harbor Group International LLC and Azure Partners LLC Team Up in Acquisition of 480-Unit Res Community in Santa Clarita

1/14/22

Jefferson Vista Canyon, a 480-unit, Class A multifamily community in Santa Clarita, was acquired by a joint venture between Harbor Group International LLC and Azure Partners LLC. Although we donít have the purchase price, we can tell you that the deal was financed with a floating rate loan for $173 mil.

Jefferson Vista Canyon is part of a 185-acre, mixed-use master-planned development designed to offer residents convenient and walkable access to employment, recreation and entertainment options. At completion, the development will feature 650k sf of office space and 165k sf of retail, along with an 11-acre park and direct access to 10 miles of hiking and walking trails. The City of Santa Clarita will construct a bridge across the Santa Clara River connecting the development with Soledad Canyon Road, providing an essential access point to complement the expected increase in resident and visitor density to the micro-location.

Built in two phases from 2020 to 2021, Jefferson Vista Canyon is located at 17350 Humphreys Pkwy. It features contemporary finishes and desirable amenities unique to other communities in the area, including resort-style pools and a rooftop deck. Interior units include a mix of studio, one-, two- and three-bedroom layouts.

The community is centrally located and easily connects residents to major employment and lifestyle nodes within the Santa Clarita Valley, the neighboring San Fernando Valley and throughout Greater Los Angeles via Route 14 and I-5. The property offers an embedded Metrolink commuter rail and bus transfer station, which will provide residents additional modes of access to major employment and entertainment centers in Greater Los Angeles. The Santa Clarita region is proximate to a range of employers within aerospace and defense, medical devices and biotech, advanced manufacturing, digital media and entertainment and information technology.

HGI and Azure acquired the property from JPI. Peter Yorck and Nick Lavin with JLL Capital Markets represented the seller in the transaction. Brandon Smith, Annie Rice and Jamie Leachman, with JLL Capital Markets Debt Advisory, arranged the financing. Jefferson Vista Canyon adds to HGIís SoCal multifamily portfolio and marks the firmís seventh multifamily investment in the region.





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