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4/14/26
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Hines secured $55.75 mil in acquisition financing for Tempo at Riverpark, a 235-unit Class A multifamily community in Oxnard that the firm acquired for $105 mil earlier in the year through an affiliate entity, Hines U.S. Property Partners, as reported by RENTV at the time. The property, located at 450 Forest Park Blvd, was sold by Bascom Northwest Ventures, which bought the asset in 2018 for $75 mil.
Tempo at Riverpark sits on over six acres within Oxnard's Riverpark master-planned community, less than a mile from the Pacific Ocean. The property is situated between Thousand Oaks and Ventura, roughly an hour’s drive from Downtown Los Angeles.
Developed in 2015 by the Wolff Company, the community offers a high-quality suburban living option within Ventura County. It consists of 105 one-bedroom/one-bath units at 804 sf, 118 two-bedroom/two-bath units at 1.1k sf, and 12 three-bedroom/two-bath units of 1.3k sf. The property stood at 95.7% occupied as of December 2025.
Amenities at Tempo at Riverpark include luxurious interior finishes such as in-unit laundry, stainless steel appliances, custom sliding barn doors, large bedrooms with spacious open floor plans, balconies or patios, and much more. Common area amenities include an outdoor pool and spa, poolside cabanas, outdoor BBQ area, and fireplace, 24/7 fitness center, yoga/spinning room, and attached garages.
The community is located adjacent to The Collection at RiverPark, with a California Coastal blend of retail stores, restaurants, cafes, grocery, and outdoor spaces anchored by Whole Foods Market, REI, 16-screen Cinemark movie theater, Bowlero and over 30 food and beverage options.
A JLL Capital Markets Debt Advisory team led by President Kevin Mackenize, Managing Directors Annie Rice and Brandon Smith, Director Gyasi Edmondson and Analyst Alyssa Malley worked on behalf of Hines in arranging the five-year loan through a bank. Hines Living has taken over property management at the community.
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