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• Phoenix Res Buy Financed with $29 Mil Freddie Mac Loan
10/12/22
Cala Paradise Valley Apartments, a 168-unit multifamily property in Phoenix, was acquired by a private real estate investment partnership. The deal was financed with a $29.3 mil loan arranged by Gantry.
The garden-style comp...
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• Oregon Multifamily Property Sold in $124 Mil Transaction
10/12/22
One Jefferson, a 347-unit multifamily community in Lake Oswego, OR, traded hands in a recent $124 mil ($357.3k/unit) transaction. The asset was sold by a Security Properties-related joint venture.
Built in 1986, One Jefferso...
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• Griffis Residential Spends $115 Mil on Colorado Multifamily Community
10/11/22
In an institutional multifamily investment deal out of Colorado, Griffis Residential acquired Peakview Apartments, a 304-unit community in Centennial, for $115 mil, or $378k/unit. The property was sold by Denver-based EverWes...
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• Santa Monica Affordable Res Property Portfolio Lands $141 Mil Recapitalization
10/11/22
WS Communities LLC has secured a $141.4 mil recapitalization of its Samo Apartments Portfolio, an 11-property, 399-unit affordable multifamily residential portfolio located in Santa Monica. The recapitalization, consisting of...
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• OC Multifamily Property Traded Between Private Investors in $18.5 Mil Deal
10/11/22
A 48-unit multifamily community in Costa Mesa was acquired by a 1031 exchange, private investor in a recent $18.5 mil ($385.4k/unit), all cash transaction. The seller of the low-density, garden-style multifamily asset was als...
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• NBP Capital to Start Work on 271-Unit Res Project in Portland
10/10/22
NBP Capital anticipates starting construction in the fourth quarter of 2022 on Sunshine Dairy, a 271-unit, seven-story, podium-style apartment project located at 801 NE 21st Avenue in Portland, OR. The company has obtained $6...
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• Harbor Custom Development Lands $39 Mil Loan for Development of WA Res Community
10/07/22
Harbor Custom Development Inc has secured $39 mil in construction money to complete the development of a 177-unit, garden-style multifamily community located in Lacey, WA, a suburb of the Seattle/Tacoma MSA. The non-recourse ...
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• Preservation Equity Fund Advisors Buys 75-Unit Seniors Affordable Housing Project in Washington
10/05/22
Preservation Equity Fund Advisors LLC (PEF Advisors) purchased Rainier Vista, a 75-unit affordable housing property for seniors 55+ in Pacific, WA.
Originally developed in 2003 with low-income housing tax credits, Rainier Vi...
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• Ventura Apartment Property Sells for $369k/Unit
10/05/22
Hacienda Villas, a 34-unit multifamily property in Ventura, traded hands for $12.55 mil, or $369k/unit. The two-story property is located at 10829 Del Norte St, north of Telegraph Rd and west of Wells Rd.
Built In 1977, the ...
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• Sandstone Properties Inc Secures $28 Mil on Woodland Hills Property
10/05/22
Sandstone Properties Inc has obtained a $28 mil loan to refinance an existing loan and to finance the pre-development of a 35-story multifamily development and four-story hotel conversion in Woodland Hills. The loan was provi...
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• Two Res Communities Totaling 155 Units in Seattle Fetch $41.5 Mil
10/03/22
Two multifamily properties totaling 155 units in Seattle’s Ballard neighborhood traded for $41.5 mil ($268k/unit). The properties, the Belay and Noba apartments, were sold by Intercontinental Real Estate Corporation.
The apa...
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• Apartment Building in the Bixby Knolls Area of Long Beach Sells for $380k/Unit
9/30/22
A Santa Monica-based private investor paid $3.05 mil for an eight-unit ($381.3k/unit) apartment property in the Bixby Knolls submarket of Long Beach. The property is located at 4321 to 4327 Elm Ave, north of San Antonio Dr an...
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• Gelt Closes $500k/Unit Res Buy in the San Fernando Valley
9/30/22
L.A.-based Gelt Inc has acquired Avalon Studio 4121, a 149-unit, value-add apartment property in the southeast San Fernando Valley community of Studio City, for $76 mil ($510k/unit). The property, located at 4041-4121 Radford...
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• New 97-Unit Res Community Completed in Hayward
9/29/22
Construction has finished at Legacy at Hayward, a four-story, 97-unit luxury apartment community in Hayward. The project, a development of Legacy Partners and Corebridge Real Estate Investors, is located in the hills at 28168...
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• Glendale Office to Res Tower Conversion Completed
9/29/22
Arista Glendale Phase I, an eight-story luxury multifamily rental high-rise with 53 apartment homes in Glendale, has been completed and is set to open to the public. The project, located at 520 N. Central Ave, is a conversion...
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• Los Angeles Apartment Building from 1940 Goes for Over $200k/Unit
9/28/22
Edgemont Court, a 12-unit apartment complex located in Los Angeles, traded for $2.5 mil, or $208.3k/unit. Built in 1940, the property is located at 175 and 179 N Edgemont Street.
The two-story, two-building apartment complex...
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• Newly-Built WA Multifamily Community Lands $61.3 Mil in Financing
9/28/22
Affiliates of American Capital Group and Canyon Partners Real Estate have secured a $61.3 mil refi loan on Kinect @ Lynnwood, a newly-built, 239-unit multifamily property in Lynnwood, WA.
Kinect @ Lynnwood blends luxury upsc...
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• Infill Development in San Diego’s Hillcrest Neighborhood Lands $27 Mil in Construction Money
9/27/22
DiversyFund Inc has locked in $26.9 mil in construction financing for Onyx on Park, a 61-unit, urban infill multi-housing community located in the Hillcrest neighborhood of San Diego.
With an anticipated completion of Q4 20...
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• Private Investors Trade OC Apartment Property in $6 Mil Deal
9/26/22
A newly renovated 20-unit garden-style multifamily community in Westminster, CA sold for $5.96 mil, or $298k/unit. The property was recently improved with an exterior renovation completed in 2022.
Located at 8361 15th St, th...
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• 300-Unit Res Asset in Reno Acquired by LDK Ventures
9/26/22
LDK Ventures acquired Integra Peaks at Damonte Ranch, a partially complete, 300-unit, Class A garden-style apartment community in Reno, NV. Located at 875 Damonte Ranch Pkwy, the property is approximately 75% complete, with f...
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