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• Covina Apartment Community Sells for $21 Mil
8/08/25
Pacific Trails, an 84-unit apartment community in Covina, was purchased by a Los Angeles-based private investment firm for $21 mil ($250k/unit) in a recent transaction. The asset was sold by RPK Development, who had owned the...
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• LA Investment Entity Makes $35 Mil Seattle Res Buy
8/08/25
A three-property multifamily portfolio totaling 215 units in Seattle has sold for $35.2 mil ($163.7k/unit). The buyer was Vista Investment Group, a Los Angeles-based firm making its first multifamily acquisition in the Seattl...
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• West L.A. Dev Site Goes for $24 Mil
8/08/25
A 1.73-acre multifamily development site on Los Angeles’ westside traded for $24 mil. The property is located at 9700-9740 W. Pico Blvd, just west of Beverwill Dr. The site is positioned within walking distance of Century Cit...
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• Gelt Ventures Spends $40 Mil on National City Res Community
8/07/25
Gelt Ventures LLC has acquired The Commodore, a 92-unit apartment property in National City, CA for $40 mil, or $435k/unit. Built in 2024, the property sits on 2.4 acres at 200 to 250 E. 31st St, east of I-5 and just north of...
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• Blue Mountain Enterprises and SRM Development Land $65 Mil in Bond Financing on Upscale Bay Area Senior Living Asset
8/06/25
A joint venture between Blue Mountain Enterprises and SRM Development has obtained $65 mil in bond financing for Ivy Park at Milpitas, a 199-unit senior living community located in Milpitas, just minutes from downtown San Jos...
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• Edgewood REIT Buys Trio of Res Assets in Fargo, ND
8/06/25
North Dakota-based Edgewood REIT has acquired three multifamily properties totaling 126 units in Fargo, North Dakota. The properties in the transaction were the Southridge Townhomes, Montgomery Townhomes and Valley View Townh...
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• New Downtown Santa Cruz Res Project Nearing Completion
8/06/25
Construction is nearing completion on RiverRow, a 175-unit mixed-use project being developed by Lincoln Property Company in Santa Cruz. Developed in partnership with Bridge Investment Group, RiverRow will offer fully amenitiz...
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• Commercial Real Estate Financing Briefs
8/06/25
AVATAR FINANCIAL GROUP LLC -- Avatar Financial Group has provided $7.34 mil to refinance a pair of garden-style communities in Houston. The bridge loan carries a two-year term and an LTV of 70%. One of the properties, the 78-...
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• Lowe Buys Res Development in San Diego’s Ballpark District for $71 Mil
8/05/25
Lowe has purchased Tenth & G, a 207-unit mixed-use residential community located within downtown San Diego’s ballpark district, in a $71 mil ($343k/unit) transaction. The eight-story building includes 8.3k sf of ground-floor ...
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• Huntington Beach 55+ Multifamily Community Trades in $35 Mil Sale
8/04/25
Huntington Breeze, a 114-unit, 55+ active adult multifamily property in Huntington Beach, was purchased for $35 mil, or $307k/unit, by WSW Property Ventures, a new venture headed by Steve Wasserman, Pamela Scott and George Wu...
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• Prime Residential Spends $68 Mil on Silicon Valley Res Community
8/04/25
Prime Residential has acquired Citra, a 147-unit value-add apartment community located in Sunnyvale, in a deal said to be worth around $68 mil ($462.5k/unit). The purchased was financed with a new loan for $44.2 mil.
Built i...
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• Encino Office Building Acquired with Plans for a 117-unit Affordable Housing Conversion Project
8/01/25
A 74.9k sf office building in the central San Fernando Valley sold for $20.64 mil, or $275/sf. The building, located at 5435-5445 Balboa Blvd, adjacent to the 101 Fwy at Burbank Blvd in Encino, was acquired by Elysian Housing...
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• Aspen Real Estate Financial LLC, the Housing Authority of the County of San Bernardino and CalAHA Purchase San Bernardino Multifamily Asset for Workforce Housing Program
7/31/25
In an Inland Empire res trade, Aspen Real Estate Financial LLC (AREF), in partnership with the Housing Authority of the County of San Bernardino (HACSB) and CalAHA, purchased Echo Apartment Homes, a 38-unit multifamily commun...
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• ColRich Picks Up San Diego Res Community in $62 Mil Transaction
7/31/25
San Diego-based ColRich closed on a significant multifamily acquisition, paying $62.3 mil for Mason Oliver, a 292-unit ($213.4k/unit), Class A community located at 11 S. 12th St in downtown Phoenix.
Built in 2016, Mason Oliv...
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• Kennedy Wilson Lands $183 Mil Construction Loan for South San Francisco Res Development
7/30/25
Kennedy Wilson has secured a $183 mil senior construction loan for construction of Alexan Icon, a 480-unit, two-building multifamily development in South San Francisco. The loan was provided to a joint venture of repeat Kenne...
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• High Street Residential and MetLife Investment Management to Build a 189-Unit Res Project in Scottsdale, AZ
7/30/25
High Street Residential has announced plans to build a three-story, 189-unit Class A multifamily development in Scottsdale, AZ. The project, Shea Residences, is being developed with JV partner MetLife Investment Management an...
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• Concord Capital Partners Buys Historic Park Wilshire Apartment Property Along L.A.’s Wilshire Corridor
7/28/25
Concord Capital Partners has acquired The Park Wilshire, an iconic 170-unit multifamily building situated along Los Angeles’ historic Wilshire corridor between Koreatown and downtown Los Angeles. Built in 1923, the building s...
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• RPM Living Investments Buys 341-Unit Luxury Res Community in San Antonio
7/25/25
RPM Living Investments purchased Heritage Plaza, a 341-unit, Class A apartment community in downtown San Antonio, TX. The acquisition was financed with a $42 mil senior loan provided by PCCP.
Built in 2020, Heritage Plaza is...
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• Two Bay Area Res Properties Traded for $56 Mil as Part of a 1031 Exchange
7/24/25
In recent multifamily investment news from the Bay Area, two properties totaling 180 units traded in a $55.8 mil 1031 exchange transaction. The properties were Villa De Wright, a 72-unit multifamily asset in Mountain View tha...
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• 192-Unit AZ Res Community Acquired by Pillar Communities and Private Portfolio Group
7/24/25
Pillar Communities and Private Portfolio Group have acquired Huxley Scottsdale, a 192-unit luxury multifamily community located in North Scottsdale, AZ. The deal marks the companies’ 36th acquisition in the Phoenix area since...
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