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• Investor Pays Over $300k/Unit for Long Beach Res Property
12/31/20
Junipero Apartments, a 16-unit community in Long Beach, traded for $4.9 mil ($306k/unit), with numerous offers. Built in 1987, Junipero Apartments is located at 1071 and 1075 Junipero Ave, east of Cherry Ave and south of Anah...
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• Shapery Enterprises Picks Up 208-Unit Res Community in San Diego
12/30/20
Shapery Enterprises, out of San Diego, purchased Mission Trails, a 208-unit apartment community in the San Carlos neighborhood of San Diego. The price was not disclosed.
Located at 6975 Golfcrest Dr, the 175.2k sf property w...
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• Davlyn Investments Completes $95 Mil Sacramento Area Apartment Purchase
12/29/20
Davlyn Investments has purchased The Terraces at Highland Reserve, a 273-unit, Class A multifamily community in Roseville, CA, for $95 mil ($348k/unit). Constructed in 2002, the property will be re-branded as Ascent at the Ga...
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• San Fernando Valley Res Development Lands $82 Mil in Financing
12/29/20
A joint venture between Gelt and Uhon Inc has obtained new financing of $82.2 mil on The Watermark, a soon-to-be-delivered, 250-unit multifamily building located in the San Fernando Valley community of Reseda. The loan was or...
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• Knightvest Capital and Torchlight Investors Acquire 342-Unit AZ Residential Property
12/28/20
A partnership between Knightvest Capital and Torchlight Investors paid $87 mil for Shade at Desert Ridge, a 342-unit ($254.4k/unit) multifamily community in Phoenix.
Built in 2007, Shade at Desert Ridge amenities include a ...
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• AZ Multifamily Property Trades for $31 Mil
12/24/20
The Sterling, a 107-unit community in Gilbert, AZ, sold in a recent, $30.9 mil ($289k/unit) deal. The property, located 23 miles southeast of downtown Phoenix, was acquired by Casa Anita Apartments LLC.
The Sterling, previo...
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• Affordable Res Community in Redwood City is Welcoming Its First Tenants
12/24/20
Fair Oaks Commons, a new, 100% affordable residential rental community in Redwood City, has been completed and is now welcoming tenants. The project, located at 2821 El Camino Real, is a development of Alta Housing.
The new,...
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• TruAmerica Multifamily Makes Its First Buy in the Lone Star State
12/23/20
TruAmerica Multifamily closed on its first investment in the state of Texas with the acquisition of Arbors of Las Colinas, a 408-unit Class B apartment home community in the Dallas suburb of Irving. The price was not given ou...
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• Private Investors Trade Phoenix Multifamily Property in $18.25 Mil Deal
12/22/20
Vesta on 12th, a 104-unit apartment community in Phoenix’ Uptown neighborhood, was purchased by a private investor out of Denver for $18.25 mil, or $175.5k per unit. The property was sold by a Portland, OR-based private inves...
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• Two Los Angeles Apartment Properties Trade in Deals Totaling $20 Mil
12/22/20
Two multifamily properties in Los Angeles sold in separate deals that totaled about $20.5 mil. The assets have a combined 63 units.
In the larger deal, a 35-unit community at 7941 Selma Ave sold for $13.6 mil ($388.5k/unit)....
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• Private Investor Money Buys 240-Unit AZ Res Community
12/21/20
Enclave at Arrowhead, a 240-unit res community in Peoria, AZ was acquired by a private family investment entity for $63 mil, or $262.5k/unit. The property was sold by R&V Management and Wermers Properties.
Built in 2006, Enc...
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• SB Real Estate Partners Buys 224-Unit Apartment Complex in Phoenix
12/18/20
In a recent Phoenix res buy, SB Real Estate Partners (SBREP) has purchased Casa Anita Apartments, a 224-unit multifamily community located in the city’s West Valley submarket, for $35.3 mil ($157.6k/unit).
The property had ...
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• Investors Trade 17-Unit Res Asset in Laguna Beach
12/18/20
Twin Palms, a 17-unit apartment property in Laguna Beach, has traded for $9.8 mil, or $576.5k/unit. The property was purchased by a Long Beach-based private investor.
Built in 1956, the two-building trophy property is locate...
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• Village Development Begins Work on 71-Unit Mixed-Use Project in the Portland Area
12/17/20
Village Development LLC has started work on a new a mixed-use complex in Fairview, OR, a suburb of Portland. Village Development obtained a $12.5 mil construction loan from Parkview Financial to fund the project.
The two-bui...
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• Multifamily Property in Lake Elsinore Trades Hands
12/16/20
Lakehouse Apartments, a 128-unit value-add multifamily opportunity in Lake Elsinore, was purchased by Prism Multifamily Group, based in Ontario, Canada. It was sold by The Parker Equity Fund LLC, an affiliate of Forge Partner...
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• CALCAP Advisors Picks Up 127-Unit Multifamily Property in Phoenix
12/15/20
California-based CALCAP Advisors paid $13 mil for University Commons, a 127-unit ($102.4k/unit) multifamily property in Phoenix. The property, located at 3450 W. Missouri Ave, directly across from Grand Canyon University (GCU...
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• Wakeland Housing and Development Corporation Breaks Ground on Two L.A. Affordable Housing Communities
12/15/20
Wakeland Housing and Development Corporation has broken ground on two Los Angeles affordable housing communities. The projects - the 54-unit Amani Apartments and 43-unit Chesterfield Apartments - will bring much-needed low-co...
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• Parkview Financial Provides $80 Mil Loan for Construction of Newport Beach Luxury Condo Project
12/14/20
One Newport Development LLC is slated to start vertical construction in early 2021 on Uptown Newport, a residential project consisting of 66 for-sale luxury condominiums in Newport Beach, thanks to an $80 mil construction loa...
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• Hometown America Buys 200-Site Manufactured Home Community in the East Bay
12/14/20
Hometown America has acquired the 200-site Eden Roc manufactured home community in the San Francisco Bay Area city of Hayward. The purchase was financed with a $17.5 mil acquisition loan.
Situated on 21 acres, the Class A Ed...
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• Next Wave Investors Buys TX Res Property
12/11/20
Next Wave Investors LLC purchased Shiloh Park Townhomes, a 73-unit multifamily community in Plano, TX, via a subsidiary company. The property, located at 3500 E. Park Blvd, was purchased from a private California-based seller...
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