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• Oceanside Apartment Portfolio Sells in Four Deals Totaling $14.5 Mil
12/23/24
A 27-unit multifamily portfolio in Oceanside has sold in multiple transactions totaling $14.5 mil. The portfolio consists of five parcels that were sold in four transactions to separate buyers.
The properties are located at...
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• Two Alameda County Multifamily Trades Total $34 Mil
12/23/24
We’ve got news of two multifamily community sales in NoCal’s Alameda County for a combined price tag of $34 mil. The properties that traded are Vista Del Sol in Pleasanton and Islander Apartments in Alameda.
In the larger d...
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• West Hollywood Apartment Property Trades for $252k/Unit
12/20/24
A 40-unit multifamily property in West Hollywood traded for $10.1 mil, which works out to $252k per unit and $397/sf. The property, located at 1260 Hayworth Ave, was acquired by Festival Companies.
Nestled between Sunset Blv...
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• Recently Completed AZ Res Community Gets New Owner
12/19/24
Smith & Rio, a 310-unit luxury multifamily community located in Tempe, AZ, traded hands. The project, located at 1979 E. Rio Salado Pkwy, was built and sold by a partnership between PGIM Real Estate and High Street Residentia...
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• Denver Manufactured Home Community Trades for $62 Mil
12/18/24
Denver Cascade, a 382-space manufactured home community in Denver, sold for $62 mil ($162.3k/space), making it the highest-price manufactured housing community (MHC) sale in Colorado’s history and the largest non-coastal MHC ...
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• Western National Group-Led Venture Buys 158-Unit Res Community in Riverside
12/17/24
Western National Group has purchased Vista Imperio, a 158-unit garden-style multifamily community in Riverside, in a joint venture partnership with Sagard Real Estate, ArrowMark Partners and WNG. The price was not disclosed.
...
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• Res Community in Seattle Sells for $105 Mil
12/16/24
AVA Ballard, a 265-unit multifamily community in Seattle, has traded hands in a recent transaction worth $105.5 mil, or $398k/unit. The asset, located at 5555 14th Ave. NW, was sold by AvalonBay Communities.
AVA Ballard, bui...
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• New Denver Res Tower from Legacy Partners and Pacific Life Begins Leasing
12/13/24
Leasing has begun at Araceli, a 236-residence, Class A, NGBS Green-Certified Gold residential high-rise in Denver, with the first move-ins slated for March 2025. The new project was developed by Legacy Partners, in a venture ...
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• ORKA Holdings Buys 15-Unit Apartment Property in Oceanside
12/13/24
In a recent multifamily comp from north San Diego County, ORKA Holdings purchased El Jugador, a 15-unit property in Oceanside. Although we don’t have the price, we can tell you that the purchase was financed with a $4 mil acq...
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• Bascom Group Acquires 92-Unit Res Property in Seattle’s Belltown Neighborhood
12/13/24
The Bascom Group LLC has acquired 2300 Elliott, a 92-unit multifamily community in Seattle’s Belltown area. The price was not immediately given out.
Built in 1992, the property features a five-story residential building situ...
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• Local Investor Buys 260-Unit Res Community in San Antonio
12/11/24
Augusta Flats, a 260-unit trophy multifamily asset located in downtown San Antonio, TX, was acquired by locally based Lynd. The price was not given out.
Built in 2021, Augusta Flats features a range of studio, one- and two-b...
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• Tempe Res Property Purchased by AZ Investor in $18 Mil Deal
12/06/24
A private investor from Arizona purchased Rancho Las Palmas Apartments, a 112-unit multifamily property in Tempe, AZ, for $18 mil ($160.7k/unit). Built in 1986, the property sits on 5.27 acres at 1249 E. Spence Ave, south of ...
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• AHV Communities Buys 330-Unit Multifamily Community in San Antonio
12/06/24
AHV Communities, a San Antonio-based developer and operator of luxury single-family rental communities, acquired The Sterling at Oak Hills, a 330-unit luxury multifamily asset in the South Texas Medical Center (STMC) area of ...
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• OC Seniors Housing Project Lands $473 Mil in Tax Exempt and Taxable Bond Financing
12/06/24
Development of The James, a luxury rental, 350-bed seniors housing project in Irvine, is slated to get underway after just having secured $473 mil in tax exempt and taxable bond financing. We’re told the deal is the largest t...
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• Carlsbad Apartment Property Goes for $435k/Unit
12/05/24
Here’s a quick comp on a Carlsbad apartment property that just sold. The 20-unit asset fetched $8.7 mil, or $435k/unit.
Built in 1972, the 16.9k sf property sits on a 26.6k sf lot located at 975 Laguna Dr, just west of I-5....
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• OC Apartment Property Sells for $345k/Unit
12/05/24
In a recent OC multifamily trade, a nine-unit asset in Santa Ana sold for $3.1 mil, or $345k per unit. The property, located at 425 E. Wellington Ave, was acquired by a local investor.
Built in 1941 and renovated in 2023 and...
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• Interstate Equities Corporation Picks Up 124-Unit Multifamily Community in the Seattle Area
12/04/24
Interstate Equities Corporation (IEC) has acquired The Marina at Martha Lake, a 124-unit garden-style community in Bothell, WA, for $34.75 mil ($280.2k/unit). Formerly known as Woodstone Apartments, the multifamily property w...
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• Equity Residential Boosts Its Portfolio with 227-Unit Asset in Colorado
11/27/24
Aventine Littleton, a 227-unit Class A apartment community in Highlands Ranch, CO, was acquired by Equity Residential. The asset was sold by Century Living, the multifamily division of Century Communities, one of the nation’s...
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• Vanamor Spends $20 Mil on Riverside Res Asset
11/25/24
Vanamor purchased LuxLiv, a 62-unit multifamily community in Riverside, for $19.75 mil ($318.5k/unit). The firm has since awarded San Diego-based Sunrise Management with the property’s management assignment – including market...
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• Bonnani Development Secures $108 Mil Recapitalization on Recently Completed OC Res Development
11/21/24
Bonnani Development has obtained $108.38 mil in total capital for the VRV, their recently completed, 300-unit luxury apartment property in the OC city of Stanton. The financing was arranged by BWE and includes an $88.38 mil s...
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