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May 31, 2023
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MULTIFAMILY NEWS
Archive
1  |  2  | 3  | 4  | 5  | 6  | 7  | 8  | 9  | 10  ...  320
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• Optima Spends $44.75 Mil on AZ Res Dev Site
1/10/23
Optima paid $44.75 mil for a 22-acre development site on the southeast corner of Scottsdale Rd and the Loop 101 freeway in Scottsdale, AZ. Chicago-based Optima is planning to build a new luxury mixed-use residential project n...
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• Fremont Multifamily Property Sells for $$27 Mil
1/06/23
Victoria Park, a 60-unit multifamily community located in the East Bay city of Fremont, traded hands in a recent $27.2 mil ($453k/unit) transaction. Built in 1987, Victoria Park is located at 40882 High St. The property cont...
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• Golden Bee Properties Locks Up $21 Mil in New Loans on Two Res Portfolios
1/06/23
Golden Bee Properties has secured new financing on two multifamily portfolios. The assets consist of a combined 105 units and are located throughout Long Beach and Los Angeles. Zalmi Klyne with Northmarq arranged the new fl...
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• $55 Mil San Fernando Valley Res Buys Consists of Three Properties Totaling 246 Units
1/05/23
A 246-unit, three-property res portfolio in the northern San Fernando Valley communities of Granada hills and Northridge traded hands in a $55.5 mil ($225.6k/unit) deal. The assets were sold by Upside Investments and purchase...
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• Avanath Capital Management Spends $131 Mil on 297-Unit Bay Area Affordable Housing Portfolio
1/05/23
Avanath Capital Management LLC has acquired the Novato Portfolio, comprising two LIHTC rental apartment properties totaling 297 units in the Bay Area submarket of Novato, for $131.5 mil ($443k/unit). Purchased with equity fro...
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• Apartment Building in L.A.ís Beverly Grove Trades for $354k/Unit
1/03/23
A seven-unit apartment property located in the Beverly Grove submarket of Los Angeles sold for $2.48 mil, or $354.3k/unit. The property is located at 8360 Blackburn Ave, east of La Cienega Blvd. The property was built in 195...
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• Edenrock Group Buys Double-Lot Property in Hollywood for $3.25 Mil
1/03/23
Edenrock Group acquired a double lot in Hollywood for $3.25 mil. The unentitled property is located at 852-848 North Detroit St, west of Highland Ave between Santa Monica Blvd and Melrose Ave. The double lot has a combined l...
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• AZ Build-to-Rent Development Lands $30 Mil in Construction
12/27/22
A joint venture between Blue Vista Capital Management and Family Development secured $30 mil in construction money for Villas Litchfield Park, a planned, 153-unit, build-to-rent community development in Phoenix. Upon comple...
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• Whittier Multifamily Property Goes for $285k/Unit
12/22/22
A private investor paid $7.4 mil for a 26-unit ($285k/unit) res property in the city of Whittier. The property, Governor Apartment Homes, is located on seven acres at 8407 Hydro Dr, west of Whittier Blvd and south of Washingt...
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• Fremont Multifamily Property Sells for $453k/Unit
12/22/22
Victoria Park, a 60-unit multifamily community located in the East Bay city of Fremont, sold in a $27.2 mil ($453.3k/unit) trade. Victoria Park is located at 40882 High St, just west of I-680. Built in 1987, Victoria Park of...
more » 

• Community Preservation Partners Spends $29 Mil on 143-Unit Multifamily Property in Aurora, CO
12/21/22
Community Preservation Partnersí (CPP) latest acquisition was of Windsor Court, a 143-unit res property in Aurora, CO, in a $29.3 mil deal. The three-story garden-style development offers one- and two-bedroom apartments desig...
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• New Apartment Community in Duarte Offers a Range of Rental Options in the San Gabriel Valley
12/20/22
Esperanza at Duarte Station, a new Class A 344-unit, five-story apartment community in the San Gabriel Valley city of Duarte, has been completed and is now open to the public. The project is a development of MBK Rental Living...
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• Maryland Firm Buys 13 Acres in Manor, Texas for Res Project
12/20/22
Maryland-based DD&B Construction purchased a 13.2-acre land parcel located at E Hwy 290 and Gregg Manor Rd in Manor, TX. The site is planned for an approximately 200-unit multifamily project with up to 20k sf of retail space....
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• The Bascom Group Picks Up 346-Unit Res Community in Houston
12/19/22
The Bascom Group has acquired Montierra, a 346-unit community in Houston. Built in 2003, Montierra is located at 2345 Sage Rd, in the cityís Uptown/Galleria submarket. The price was not disclosed. Developed by Sueba USA, kno...
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• FPA Multifamily Picks Up OR Res Asset at $204k/Unit
12/19/22
FPA Multifamily purchased Fox Meadows, a 95-unit multifamily community located in the Portland submarket of Tualatin, OR, for $19.35 mil, or $204k per unit. The property, located at 19605 SW Boones Ferry Rd, was sold by Trion...
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• Local Investment Entity Pays $278k/Unit for Bellingham, WA Res Asset
12/16/22
A local family investment partnership paid $18.365 mil Samish Station 3, the 66-unit ($278k/unit), third and final phase of Samish Station, a 119-unit multifamily community in the Puget Sound city of Bellingham, WA. The buyer...
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• New 586-Unit OR Res Project Moving Forward with $55 Mil Loan
12/16/22
Parkview Financial has provided a $55 mil loan to Stacy Allison Way Holdings LLC, an entity of West Coast Home Solutions, for the refinance and construction of a two-phased multifamily project totaling 586 units on 19 acres i...
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• New Multifamily Management Firm CloudTen Residential Opens Its Doors
12/16/22
CloudTen Residential, a newly launched multifamily management firm, is now open and operating a growing portfolio in Arizona, Nevada, Oregon and Washington. The company, headquartered in Reno, NV, currently has 130 employees....
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• Mosaic and Atlantic Jasper Building First Build-to-Rent Neighborhood in Northern Arizona Master-Planned Community
12/15/22
Mosaic and Atlantic Jasper have broken ground on The Flats at Jasper, a new build-to-rent (BTR) community within the nationally-recognized Jasper master-planned community in Prescott Valley, AZ. Atlantic Jasper, developer of ...
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• Seattle Res Development Lands $110 Mil Refi
12/14/22
Low Tide Properties and Continental Properties LLC have secured $110 mil in refinancing on Met Tower, a 366-unit, luxury multifamily project in downtown Seattle. The development, located at 1942 Westlake Ave, offers residents...
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