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• ConAm Group Spends $56 Mil on AZ Multifamily Community
9/03/19
ConAm Group purchased Trillium 44, a 297-unit, Class A multifamily community in Phoenix, for $56 mil ($189k/unit). The asset was sold by Trillium Residential.
Located at 111 N. Dupont Circle in central Phoenix, Trillium 44 i...
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• Oceanside Multifamily Asset Sells in $66 Mil Transaction
9/02/19
A joint venture between IDEAL Capital Group and Aegon Real Assets US closed on a major multifamily buy in Oceanside, paying $66.25 mil for Sunterra Apartments, a 240-unit ($276k/unit) asset located at 3851 Sherbourne Dr.
ID...
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• Apartment Property in Spring Valley Gets New Owner in $6 Mil Deal
8/30/19
A 28-unit multifamily complex in Spring Valley sold for $6 mil, or $214k/unit. The 27.4k sf property sits on a 43.6k sf lot at 9109 Kenwood Dr, east of Hwy 125 and south of Hwy 94.
Built in 1985, the property consists of 27 ...
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• Jackson Square Properties Buys 264-unit OR Res Community
8/29/19
In a larger OR multifamily buy, Jackson Square Properties purchased Avana Orenco Station, a 264-unit, garden-style multi-housing community in Hillsboro. The price was not disclosed.
Avana Orenco Station is located at 6710 N...
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• Tide Equities Has The Edge in the Phoenix Multifamily Market
8/29/19
Tides Equities LLC has acquired The Edge, a 380-unit multifamily community in Phoenix, for $57.3 mil ($151k/unit). The property, located at 15202 N. 40th St in North Phoenix, was sold by Baron Properties.
The Edge is compris...
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• Community Preservation Partners Has Acquired CO Affordable Housing Property with Plans for Extensive Renovation Work
8/28/19
Community Preservation Partners (CPP) has acquired and recapitalized Casa Del Sol, a 47-year-old, 154-unit affordable housing community in Pueblo, CA. The $22.6 mil project marks the developer’s entry into Colorado – its nint...
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• Riverside Multifamily Community Purchased for $300k/Unit
8/28/19
Canyon Crest Views, a 178-unit multifamily property in Riverside, has traded hands in a recent $53.5 mil ($300k/unit) transaction. The 1980’s vintage asset boasts an excellent mix of predominantly two- and three-bedroom townh...
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• Vegas Apartment Property Goes for $100k/Unit
8/27/19
Mountain Vista, a 178-unit apartment complex in Las Vegas, has been sold in a recent $17.75 mil ($99.7k/unit) transaction. The property, located at 3950 S. Mountain Vista St, is conveniently located near major commuter freewa...
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• New 400-Bed Student Housing Project Completed at Chapman University
8/27/19
Construction has been completed on The K, a 401-bed, 123.6k sf student housing project for Chapman University in the city of Orange. The development was bult by R.D. Olson Construction.
Designed to reflect the historic charm...
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• MJW Investments Buys 36-Unit Res Property in Kent, WA
8/26/19
MJW Investments has acquired Arden Park Apartments, a 36-unit multifamily community located at 23817 108th Ave SE in Kent, WA. This is MJW’s fourth acquisition in the greater Seattle market.
The property, which has received...
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• New Res Development in Westchester Sells for $575k/Unit
8/26/19
A brand new, 18-unit multifamily development in Westchester sold for $10.35 mil, or $575k/unit. The property, located at 6908 Knowlton Place, between La Tijera and La Cienega Blvds, was sold by the developer, TJC Real Estate ...
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• OC Multifamily PropertyAcquired in Exchange Buy for $331k/Unit
8/26/19
Myrtle Avenue Apartment Homes, a 16-unit multifamily property in Tustin, sold for $5.3 mil, or $331k/unit. Located at 15981 S. Myrtle Ave, the 17.7k sf property consists of nine two-bedroom/two-baths, two two-bedroom/two-bat...
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• Buyer Spends $5.3 Mil on Whittier Multifamily Property
8/23/19
A local private investor paid $5.3 mil for Friendly Hills Apartment Homes, a 21-unit ($252k/unit) res property in Whittier. From what we understand, this was the first time the property had been on the market since it was bui...
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• TriForge Capital Partners Lands $34 Mil in Financing for San Jose Housing Project
8/22/19
TriForge Capital Partners has obtained $34 mil in debt financing for the development of 7EMPIRE, a 97-unit, Class A, art-focused multi-housing community in San Jose. 7EMPIRE is currently under construction at 525 North 7th St...
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• Two Bay Area Multifamily Properties Trade in Deals Totaling Over $23 Mil
8/22/19
We’ve got two recent Bay Area multifamily sales with a combined price tag of $23.4 mil to report. One of the deals was in the East Bay, while the other was in Silicon Valley.
In the larger of the transactions, Terra Castro V...
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• The Bascom Group Lands $235 Mil Refi on 11-Property Portfolio
8/22/19
The Bascom Group LLC has completed a $235 mil refi of an 11-property multifamily portfolio spanning five states. All of the properties are part of Bascom’s third fully discretionary fund, Bascom Value Added Apartment Investor...
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• 2019 Senior Rental Housing Community in Westminster Trades for $71 Mil
8/21/19
HW Senior Living Apartments, a 310-unit independent living community in Westminster, CA, traded hands in a recent $71 mil ($229k/unit) transaction. The asset, located at 13920 Hoover St, was purchased by an experienced senior...
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• 290-Acre AZ Development Site Sells for $8.7 Mil
8/21/19
AREAD Management Inc and Varde Partners have purchased a 290-acre development site in San Tan Valley, AZ for $8.7 mil. The buyer intends to use the land for the development of Skyline Estates, a residential project planned fo...
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• South Gate Multifamily Development on Track with $80 Mil of Equity and Construction Money
8/21/19
JPI has obtained in excess of $80 mil in financing for development of Jefferson on Imperial, a 244-unit luxury multifamily community in South Gate. The preferred equity and construction loan was arranged by Dekel Capital.
Je...
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• Investors Trade Apartment Property in Glendale for $259k/Unit
8/21/19
A 34-unit multifamily community in Glendale, CA sold for $8.8 mil, or $259k/unit. It is located at 2121 N. Verdugo Rd, just west of the 2 Fwy about midway between the 134 and 210 Fwys, about 11 miles north of Downtown Los Ang...
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