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October 1, 2022
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MULTIFAMILY HEADLINES
Apartment Building in the Bixby Knolls Area of Long Beach Sells for $380k/Unit
9/30/22
Eight-unit asset from the 1940s offers value-add opportunity for the buyer

Gelt Closes $500k/Unit Res Buy in the San Fernando Valley
9/30/22
$76 mil deal is for 149-unit Avalon Studio 4121 in Studio City

New 97-Unit Res Community Completed in Hayward
9/29/22
Legacy at Hayward a development of Legacy Partners and Corebridge Real Estate Investors

Glendale Office to Res Tower Conversion Completed
9/29/22
Adeptís eight-story 520 N. Central offers 53 apartment homes

Los Angeles Apartment Building from 1940 Goes for Over $200k/Unit
9/28/22
$2.5 mil deal is for 12-unit Edgemont Court

Newly-Built WA Multifamily Community Lands $61.3 Mil in Financing
9/28/22
C&W and Greystone put together new Fannie Mae loan on 239-unit Kinect @ Lynnwood

Infill Development in San Diegoís Hillcrest Neighborhood Lands $27 Mil in Construction Money
9/27/22
JLL arranges financing for project by DiversyFund and Highland Construction

Private Investors Trade OC Apartment Property in $6 Mil Deal
9/26/22
20-unit Westminster asset goes for $298k/unit

300-Unit Res Asset in Reno Acquired by LDK Ventures
9/26/22
Purchase funded with $59 mil loan provided by PCCP LLC

Santa Monica Apartment Building Two Blocks from the Ocean Sells for $374k/Unit
9/23/22
Rent-controlled property had rents more than 100% below market rate

Hines and USAA Real Estate Break Ground on 200-Acre TOD Project in Mission Valley
9/23/22
Phase one of Riverwalk San Diego to include 930 rental homes along with neighborhood retail space

AZ Multifamily Community Trades in $68 Mil Deal
9/22/22
272-unit Ponderosa Ranch in Tempe sold by KKR

Community Preservation Partners Picks Up Housing Communities in CA, NM and AZ
9/20/22
Three properties cost a combined $49 mil

Next Wave Investors Close on $34 Mil Portland Area Apartment Buy
9/20/22
Firm pays $189k/unit for The Nash in Gresham

Two-Property San Jose Res Portfolio Goes for $350k/Unit
9/20/22
Monte Vista Gardens Senior 1 and 2 total 118 units

Continental Realty Assets Ltd and MLG Capital Buy 112-Unit Res Property in Colorado
9/19/22
Venture spends $32.75 mil for Skyline Apartments in Durango

University of Washington is Looking for a Student Housing Developer/Operator to Manage Four-Property Portfolio
9/19/22
Assets total 694 units and are located near the UW Seattle campus

Legacy Partners and Pacific Life to Start Work on 236-Unit Denver Multifamily Development
9/16/22
Araceli designed by KTGY and will be built by Catamount Constructors



 


 


 


 
 





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