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• Investor Pays $229k/Unit for Redlands Apartment Property
4/11/18
In a recent multifamily comp out of the Inland Empire, Cypress Villas, an 83-unit apartment property in Redlands, sold for $19 mil, or $229k/unit. The property is located at 301 E Cypress Ave, near downtown Redlands and the U...
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• Security Properties Pays $41 Mil for 220 Residential Units in Colorado
4/09/18
Security Properties paid $41 mil for Willows at Printers Park, a 220-unit, Class B+ multifamily property located in Colorado Springs, CO. With this buy, Security Properties now owns three market-rate assets totaling 740 units...
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• Development of Colorado LEED Gold-Designed 55+ Res Community Well Underway
4/09/18
Vita, a LEED Gold-designed 55+ mixed-use residential rental apartment community under construction in the Denver Metro area is nearing completion. The sustainable apartment community developed by Denver-based Zocalo Community...
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• MIG Real Estate Picks Up 209-Unit Multifamily Property in Arizona
4/09/18
MIG Real Estate has acquired Trails at Harris Apartments, a 209-unit multifamily property in Mesa, AZ. The property is situated adjacent to the Gilbert Heritage District, one of the most desirable retail and restaurant develo...
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• Exchange Investor Buys Multifamily Property in Indio
4/06/18
A 1031 exchange investor paid $6.45 mil for Vintage Palms Apartments, a 74-unit ($87.2k/unit) residential property in the Inland Empire city of Indio. The asset, comprised of six buildings, is located at 82434 Requa Ave and s...
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• Shelter Resources Inc Acquires 164-Unit Multifamily Asset in Washington
4/06/18
Shelter Resources Inc has acquired College Glen Apartments, a 164-unit apartment complex located at 4870 55th Lane SE in Lacey, WA, for $19.3 mil ($117.7k/unit). The seller was College Glen Apartments, LP.
Built in 1996, Co...
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• Condos at New Luxury Res Project in San Bruno Sells Out in Four Months
4/05/18
Upscale residential condos at Sares Regis Group of Northern California (SRGNC) new development in the Bay Area city of Mountain View, 1101 West, have sold out less than four months after hitting the market. Located at 1101 We...
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• Gelt Spends $74 Mil for Nearly 500 Res Units in the Seattle Area
4/04/18
Los Angeles-based Gelt Inc closed on the acquisition of a two-property apartment portfolio containing 491 units in two Seattle submarkets for a total price of $74 mil ($150.7k/unit). The properties include The Row, a 247-unit...
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• Santa Ana Multifamily Property Purchased by Exchange Investor Who Already Owned on the Street
4/04/18
Francia Apartments, a 20-unit multifamily property in Santa Ana, was purchased by a 1031 exchange buyer for $3.9 mil, or $195k/unit. The property is located at 1410 French St, south of 17th St and just west of I-5.
The prope...
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• OC Manufactured Housing Community Refinanced with $48 Mil in Fannie Mae Money
4/03/18
Kort and Scott Financial Group obtained a $48.8 mil Fannie Mae structured adjustable-rate loan to refinance its leasehold interest in Lincoln Center Mobile Home Park, a 305-unit manufactured housing community in Cypress, a ci...
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• Work Gets Started on 171-Unit TOD Res Development in Livermore
4/02/18
JEMCOR Development Partners has broken ground on Ageno Apartments, a 171-unit, mixed-income, transit-oriented development located at South Vasco Rd and Brisa St in Livermore. Ageno Apartments marks the final construction phas...
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• Investment Group Lands $43 Mil in Financing for the Acquisition and Renovation of AZ Multifamily Asset
4/02/18
PCCP LLC has provided a $43.3 mil senior loan to an investment group consisting of R&V Management, Impact Multifamily, Wermers Properties and Loma Linda University for the acquisition and renovation of an apartment complec in...
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• MWest Holdings and GreenOak Real Estate Pay $68.5 Mil for Historic Residential Property in Downtown L.A.
3/30/18
LA-based MWest Holdings has teamed up with GreenOak Real Estate in the acquisition and planned rehabilitation of the 132-unit Santa Fe Lofts in Downtown Los Angeles. The venture purchased the asset for $68.5 mil and intends t...
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• Clear Sky Capital Buys Three-Property, 193-Unit Res Portfolio in Escondido
3/29/18
Clear Sky Capital Inc has obtained a $27.8 mil loan to finance its recent acquisition of a three-property multifamily portfolio in Escondido. The financing was arranged by Meridian Capital Group.
The Clear Sky Capital portfo...
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• Champion Real Estate Company Spends $33.6 Mil on 104 Units in Glendale
3/28/18
Champion Real Estate Company recently acquired two multifamily buildings totaling 104 units in Glendale for a combined price of $33.6 mil ($323k/unit). The two properties, located less than two miles apart, were purchased in ...
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• Madison Park Financial Corporation Pays $55 Mil for 149-Unit Portland Multifamily Property
3/28/18
Madison Park Financial Corporation purchased Bridgetown Lofts, a 149-unit, mid-rise apartment community in Portland, for $55 mil, or $369k/unit.
Bridgetown Lofts is a waterfront community located at 1850 NW Front Ave, along...
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• Three-Property Apartment Portfolio in LA’s Pico-Robertson Area Sells for $292k/Unit
3/28/18
A three-building multifamily portfolio totaling 20 units in LA’s Pico-Robertson area sold for $5.85 mil, or about $292k per unit. The properties are located at 8508 Cashio St, 8528 Cashio St and 8521 Horner St, a block west o...
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• S2 Capital LLC Purchases 464-Unit TX Res Property
3/27/18
S2 Capital LLC acquired Oak Creek Apartments, a 464-unit residential property in Bedford, TX, on behalf of one of its managed funds. Located at 1611 Oak Creek Lane, the property is one of the largest Class B communities in th...
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• Newmark Arranges $25 Mil on Recently Completed Residential Property in Seattle
3/27/18
Newmark has secured $25.5 mil in financing for 1111 East Olive Apartments, an 80-unit residential property in Seattle, WA. Newmark’s Michael Taylor and Patrick Taylor arranged the 15-year term financing through Aegon Real Ass...
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• Mass Equities Inc and and AECOM Capital to Develop 522k sf Mixed-Use Project in Denver’s RiNo Art District
3/23/18
Mass Equities Inc and and AECOM Capital have teamed up for the development of a Class A, 522k sf mixed-use project in Denver’s emerging River North (RiNo) Art District. The development is slated to occupy a 7.8-acre site at 2...
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