|
• Modesto Res Property Trades for $17 Mil in a Workforce Housing Deal
9/25/24
Rumble Road Apartments, a newly constructed 50-unit multifamily community in Modesto, CA, traded hands for $17 mil, or $340k per unit. The property, located at 2531 West Rumble Rd, was acquired by Aspen Real Estate Financial ...
|
• Multifamily Property in Henderson, NV Trades for $45 Mil
9/25/24
Prism Multifamily Group has acquired Cascade Apartments, a 261-unit multifamily property in Henderson, NV, for $45.5 mil, or $174.3k/unit. The buyer plans to complete a property renovation plan to better capitalize on the gro...
|
• AZ Seniors Housing Portfolio Lands $96 Mil Refi Loan
9/24/24
Douglaston Development and The Hampton Group Inc have obtained $96.5 mil in refinancing for a five-property seniors housing portfolio consisting of 971 units located in the Phoenix, Mesa, Sedona and Chandler metropolitan area...
|
• Oregon Multifamily Property Refinanced with New Loan for $4.55 Mil
9/23/24
Eagle Crest Village Apartments, a 98-unit residential community in North Bend, OR, was refinanced with a new loan for $4.55 mil. The funds will be used to retire the existing debt and complete renovations on the garden apartm...
|
• Tricon Residential Wrapping Up Work on Two Build-to-Rent Communities in Texas
9/23/24
Tricon Residential celebrated the grand opening of two new built-to-rent communities in Texas: Tricon Bryson in Leander and Tricon Willow Creek in Tomball. Developed in partnership with HHS Residential, a division of Plano-ba...
|
• GPI Companies Boosts LA Area Portfolio with 292-Unit Res Buy in North Hollywood
9/20/24
GPI Companies has acquired The Lofts at NoHo Commons, a 292-unit, Class A podium-style multifamily project in North Hollywood. The transit-oriented, mixed-use property was originally built in 2006 and was extensively renovate...
|
• Portland Res Community Trades
9/20/24
StoneRidge at Cornell, a 233-unit, garden-style multifamily community in Portland, has traded hands. Situated on 16 acres at 14800 NW Cornell R, StoneRidge at Cornell offers one- and two-bedroom units averaging 820 sf in size...
|
• Sherman Residential Spends $72 Mil on Its First Phoenix Res Acquisition in 15 Years
9/19/24
Sherman Residential closed on a significant multifamily buy in Phoenix, paying $72.05 mil for Vela on Camelback, a 237-unit ($304k/unit) Class A community located at 4949 N. 7th St in the city’s Camelback Corridor submarket. ...
|
• Investors Trade Riverside Multifamily Property in $10 Mil Deal
9/19/24
Ramona Oaks Apartments, a 44-unit multifamily property in Riverside, sold for $10.15 mil, or $231k/unit. The property is located at 3401 Ramona Dr, on the northwest side of the 91 Fwy.
The community offers a mix of one- and ...
|
• New 315-Unit Central OC Res Development Completed
9/18/24
Construction of Zia, a five-story, wrap-style apartment development from MBK Rental Living in central Orange County, has been finished and the project is now available for leasing. Offering upscale living with easy access to ...
|
• 104-Unit Res Community in South Central Austin, TX Trades
9/17/24
Thornton Flats, a 104-unit boutique multifamily in South Central Austin, TX, was acquired by Jesse Mamuhewa and David McCutchan of Resolute Capital Partners. The price was not disclosed.
Built in 2017, Thornton Flats is loca...
|
• UCLA Spends $39 Mil on New Apartment Complex in West Los Angeles for Graduate Student Housing
9/16/24
A 62-unit apartment complex at the border of Los Angeles’ Cheviot Hills/Palms neighborhoods was acquired vacant by the University of California, Los Angeles for $39 mil in an all-cash purchase. The deal works out to $629k/uni...
|
• Washington State Multifamily Community Gets New Owner
9/13/24
CentrePointe Greens, a 186-unit garden-style multifamily property in Everett, WA, traded hands in a recent sale. Located at 8600 18th Ave. W, the property was built in 1990 and features one-, two- and three-bedroom units aver...
|
• JRK Property Holdings Acquires Res Assets in Minneapolis and San Francisco
9/13/24
JRK Property Holdings has acquired two Class A multifamily communities in Minneapolis and San Francisco in separate transactions totaling nearly $100 mil. JRK made the purchases through its JRK Platform 5 Fund.
JRK Platform ...
|
• Washington Res Development Secures $25 Mil in Construction Money
9/13/24
Saltese Creek, a new 192-unit multifamily project in Spokane Valley, WA, has landed $25.3 mil in construction financing. The project, located just south of the intersection of S Tschirley Rd and E 6th Ave, is being developed ...
|
• Spokane, WA Res Development Lands $33 Mil in Construction Money
9/12/24
Construction financing of $33 mil has been secured for development of Kōz on West 4th Ave, a 210-unit, six-story multifamily apartment project that just got underway in downtown Spokane, WA. The project, being developed ...
|
• WNC & Associates Closes $120 Mil Multifamily Equity Fund
9/12/24
WNC & Associates (WNC) has closed WNC Institutional Tax Credit Fund X California Series 21 L.P. (Fund CA21), which includes six multifamily properties across California. Fund CA21, a $120 mil equity fund, closed in August 202...
|
• Multifamily Property in Manteca, CA Sells for $268k/Unit
9/12/24
A SoCal-based private investor has acquired Laurel Glen, a 152-unit multifamily property in Manteca, a Northern California city of 84,000 people situated directly east of San Francisco, roughly midway between Stockton and Mod...
|
• 200-Unit Res Asset in Washington State Trades Hands
9/11/24
Heronfield, a 202-unit core-plus multifamily property in Kirkland, WA, traded hands in a recent transaction.
Heronfield, located at 11105 NE 123rd Lane, features one-, two- and three-bedroom units averaging 939 sf in size. T...
|
• Advanced Real Estate Closes $62 Mil Res Buy in Downtown LA
9/11/24
Advanced Real Estate closed on another major multi-family acquisition, paying $62 mil for Canvas LA, a 210-unit ($295k/unit) property that sits along the 110 Fwy in Downtown Los Angeles. The property is located at 138 N. Beau...
|
Return to the Multifamily area
