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• Haven Realty Capital and J.P. Morgan Global Alternatives Firm Fund to Develop and Acquire Build-to-Rent Communities
11/16/22
Haven Realty Capital and institutional investors advised by J.P. Morgan Global Alternatives have formed a programmatic joint venture to acquire and develop more than $1 bil in new build-to-rent (“BTR”) communities throughout ...
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• San Jose Res Community Traded in $185 Mil Transaction
11/16/22
Centerra Apartments, a 347-unit res community in San Jose, sold in a recent deal said to be worth around $185 mil. The buyer was an investment entity led by 3D Investments, out of Beverly Hills.
The property is located at is...
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• Workforce Housing Project in L.A.’s Mid-City Area Expected to Finish Up in Spring 2023
11/15/22
A new 123-unit workforce housing project in Los Angeles’ mid-city area is underway and expected to wrap up construction in spring 2023. The development, Liv on Pico, will provide much-needed housing adjacent to Culver City an...
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• L.A. Metro and A Community of Friends Start Construction on Affordable Housing Complex in Boyle Heights
11/14/22
The Los Angeles County Metropolitan Transportation Authority (Metro) and A Community of Friends, a nonprofit specializing in developing supportive housing, have broken ground on construction of a new affordable housing develo...
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• 200-Unit Arizona Build-to-Rent Community Breaks Ground
11/14/22
Town Germann, a gated, build-to-rent development in Gilbert, AZ, has broken ground. The 14.5-acre property will consist of 209 luxury townhomes ranging from approximately 1.2k sf to 1.4k sf with two and three bedrooms, two ba...
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• SoCal Multifamily Markets Looking at Continued Rate Increases Due to Low Construction
11/11/22
This report was provided by The University of Southern California Lusk Center for Real Estate
Forecast authors caution that historic levels of uncertainty – inflation, interest rates and migration – might impact Los Angele...
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• Six-Unit Res Property in Santa Monica Goes for $442k/Unit
11/11/22
A Los Angeles-based private investor paid $2.65 mil for a six-unit ($442k/unit), townhome-style apartment property in Santa Monica. The property is located at 1814 9th St, just east of Lincoln Blvd on the south side of I-10.
...
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• Denver Res Community Fetches $378k/Unit
11/09/22
Corsican Apartments, an 82-unit high-rise multifamily community in Denver’s Cheesman Park neighborhood, sold for $31 mil ($378k/unit). Built in 1968, the property is located at 1330 Gaylord St.
Corsican has one- and two-bedr...
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• Colorado Res Property Recapitalized in $32 Mil Deal
11/09/22
River Run Apartments, a 117-unit multifamily community in Avon, CO, was recapitalized in a $32 mil financing deal. The property, strategically positioned on the Eagle River with near equidistant access to the Vail and Beaver ...
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• Value-Add Long Beach Apartment Sells for $300k/Unit
11/07/22
A local private investor paid $6.64 mil for a 22-unit ($302k/unit) apartment property in Long Beach. The property, located at 4114 to 4118 Elm Ave in the city’s Bixby Knolls submarket, is viewed as a value-add opportunity.
...
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• Avanath Capital Management Pays $58 Mil for 168-Unit Multifamily Property in Denver
11/04/22
Avanath Capital Management purchased Ascent Apartments, a 168-unit, garden-style apartment community in Southeast Denver. The property traded for $58.1 mil, or about $346k/unit.
Located at 8400 E. Yale Ave, the nine-building...
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• Apartment Building in the Western San Fernando Valley Fetches Nearly $400k/Unit
11/01/22
Vince Norris, Jim Fisher, Mike Smith, Steven Goldstein, Bryan Schellinger, Mike Hanassab, and Elliot Hassan with Northmarq represented the Los Angeles based seller, Xenon Investment Corp.
A 29-unit, fully renovated apartmen...
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• Apartment Property in Denver’s Uptown Neighborhood Goes for $8.4 Mil
10/31/22
Uptown Terrace, a 34-unit apartment community in downtown Denver’s Uptown neighborhood, traded hands in an $8.4 mil ($247k/unit) deal. The asset was purchased by Quantum Capital, as part of a 1031 exchange using out-of-state ...
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• New San Gabriel Valley Res Development Set to Open with 344 Units
10/28/22
Esperanza at Duarte Station, a new Class A 344-unit, five-story apartment in Duarte, is set to open its doors to the public, with pre-leasing now underway. The project is a development of MBK Rental Living.
The community is ...
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• Affordable Housing Project in L.A.’s Historic Filipinotown Gets Started
10/28/22
A new 46-unit affordable housing community in L.A.’s historic Filipinotown community has broken ground. The project, Lucena on Court, is being developed by Meta Housing Corporation, in partnership with The Foundation for Affo...
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• DB Capital Management Wraps Up $64 Mil Apartment Buy in Las Vegas
10/27/22
DB Capital Management closed on its first multifamily in Las Vegas, paying $64 mil for The Boulevard, a 296-unit apartment community located just 20 minutes from the Las Vegas Strip.
The Boulevard, which will be rebranded a...
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• Work Started on Affordable Housing Project in Hawaii
10/27/22
Work has begun on Kaulana Mahina Apartments, a 324-unit affordable housing project in Central Maui. The community is a development of a Legacy Partners-led venture that includes the AFL-CIO Building Investment Trust and other...
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• Work Completed on 300-Unit Res Project in Aurora, CO
10/27/22
Cypress Equity Investments (CEI) has completed construction on ‘Revel’, a 300-residence, transit-oriented apartment community in Aurora, CO. Located just off I-225 and within walking distance of the 2nd Ave and Abilene Statio...
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• Six Peak Capital and Grandview Partners to Develop Micro-Suite Housing Project in L.A.’s Mar Vista Area
10/26/22
Six Peak Capital and Grandview Partners have partnered to develop a two-structure micro-suite housing project in L.A.’s Mar Vista area. Way Capital has arranged $40 mil in senior construction money for the development, consis...
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• Two Multifamily Properties in Tucson Trade to New Owner in $65 Mil Deal
10/26/22
A portfolio of two multifamily assets in Tucson, AZ totaling 459 units was acquired by an unnamed investor for $65.15 mil, or $142k/unit. The assets were sold by San Diego-based Tower 16 Capital Partners.
Both assets receive...
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