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• National Multifamily Housing Council and Grace Hill 2022 Renter Preferences Survey Report Reveals Renters’ Current and Future Wants and Needs
1/31/22
The 2022 Renter Preferences Survey Report just released by National Multifamily Housing Council (NMHC) and Grace Hill provides a comprehensive look at the home features and community amenities that renters can’t live without,...
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• Res Development Site Across from UC Berkeley Campus Goes for Over $21 Mil
1/28/22
A development site of 0.3 acres situated across the street from the University of California, Berkeley was acquired by an unnamed investor for $21.5 mil. The buyer plans to build an 87-unit, 232-bed student housing developmen...
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• Tru Development Locks Up New Financing of $246 Mil on Two Nevada Res Properties
1/28/22
Tru Development has obtained $246 mil in construction debt, Co-GP equity and LP equity across two apartment development projects totaling 716 units in Nevada. They were advised in the transaction by Lucent Capital.
KaktusLif...
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• 95-Year-Old Multifamily Property Outside of Downtown L.A. Trades in $15.5 Mil Deal
1/27/22
Frostonya Apartments, an 81-unit multifamily complex in Los Angeles, traded hands for $15.475 mil ($191k/unit). Built in 1927, the property is located at 346 North Vermont Ave.
The building had been placed on the market for ...
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• Belvedere’s First Housing Proposal Under New State Legislation Submitted to the City
1/27/22
The owners of Mallard Pointe submitted a final application under Senate Bill 330 to the City of Belvedere to revitalize the existing 2.8-acre site with a new, mixed-income community of 42 residences, adjacent to Belvedere Lag...
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• Cypress Equity Investments Completes Construction of 186-Unit Tacoma Res Community
1/27/22
Cypress Equity Investments (CEI) has completed construction of Hailey, a 186-unit apartment community in the heart of Tacoma. Located at 1210 Tacoma Avenue S at 13th St, Hailey offers a mix of studio, one-bedroom and two-bedr...
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• Davlyn Investments Buys 312-Unit Res Property in North Las Vegas
1/26/22
Davlyn Investments recently acquired Sonata, a 312-unit, Class A, multi-family community in North Las Vegas, in a $77 mil transaction that works out to $247k/unit. Built in 2009, the property is located at 4201 E Craig Rd, ju...
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• Private Investors Trade 116-Unit Multifamily Property in Windsor, CO
1/26/22
Chestnut Square Apartments, a 116-unit multifamily property located at 601 Chestnut St in the town of Windsor, CO, traded hands. The price was not disclosed. The location is approximately 15 miles outside of Fort Collins in n...
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• Gelt Inc Completes $156 Mil Long Beach Multifamily Buy
1/25/22
Gelt Inc acquired Volta on Pine, a 271-unit, Class A apartment community in Long Beach, for $156 mil, or $575.6k/unit. Built in early 2021, Volta on Pine is situated on just over one acre at 635 Pine Ave.
The property includ...
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• RISE Properties Trust Obtains $55 Mil for Purchase and Renovation of Downtown Portland Apartment Property
1/24/22
RISE Properties Trust has secured a $55 mil senior loan for the acquisition and renovation of 10th & Hoyt, a 178-unit, apartment building with 13.1k sf of ground floor commercial space in Portland. The building is located at ...
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• Anaheim Apartment Building Trades for $37 Mil
1/24/22
A San Jose-based private investor purchased Echo116, a 116-unit apartment community in Anaheim, for $37.25 mil ($321.1k/unit). The property, located at 1727 Glenoaks Ave, had multiple offers.
Built in 1969 and 1970, ECHO116 ...
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• Seven-Property California Portfolio Refinanced with $223 Mil in Permanent Loans
1/20/22
A seven-property California real estate portfolio owned by a private investor was just refinanced with seven new permanent loans totaling $223 mil arranged by George Mitsanas of Gantry. The portfolio is comprised of three mul...
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• New Standard Equities Pays $342k per Unit for Upland Res Community
1/20/22
New Standard Equities has acquired The Benson, a 236-unit multifamily property in Upland, for $80.75 mil, or $342.2k/unit. The property was sold by an affiliate of Abacus Capital Group.
Built in 1973, The Benson sits on a 51...
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• Rise48 Equity Wraps Up $96 Mil AZ Res Buy
1/19/22
Rise48 Equity closed on a large multifamily buy in Arizona, paying $96.4 mil for a 365-unit ($264.1k/unit) portfolio in Phoenix. The trade, structured as separate transactions closing two weeks apart, included the 141-unit Po...
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• Oregon Apartment Community Trades to FPA Multifamily in $47 Mil Deal
1/18/22
Summit at Hyland Park, a 137-unit, value-add, garden-style multi-housing community located in Beaverton, OR, sold for $47 mil, or $343k/unit. FPA Multifamily acquired the asset from DB Capital Management.
Built in 1985, reno...
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• Davlyn Investments Picks Up Phoenix Multifamily Community for $112 Mil
1/18/22
Davlyn Investments recently acquired The Boulevard a 294-unit, luxury, multi-family community in Phoenix, for $112.5 mil ($382.6k/unit). The property, which will be re-branded “Boulders at Lookout Mountain,” was constructed i...
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• Positive Investments Pays $248/Unit for 274-Unit El Monte Res Portfolio
1/17/22
Positive Investments paid $68 mil for a three-property multifamily portfolio located in the San Gabriel Valley totaling 274 units ($248k/unit). The properties were sold by The Hunsaker Family.
The portfolio, located at 4405 ...
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• MIG Real Estate Buys Seattle Area Res Community and Sells Two Others in Dallas
1/17/22
MIG Real Estate LLC has acquired BluWater, a 152-apartment community in Everett, WA. The deal had a value of over $54 mil ($355.3k/unit).
Located at 11311 19th Ave SE in the north Seattle area, BluWater consists of seven thr...
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• The Bascom Group Acquires 140 Res Units in the San Fernando Valley
1/14/22
The Bascom Group LLC has acquired a two-property, 140-unit multifamily portfolio located in the San Fernando Valley community of Northridge for $52.5 mil ($375k/unit). The properties, NMS Northridge and NMS Superior, boast la...
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• Harbor Group International LLC and Azure Partners LLC Team Up in Acquisition of 480-Unit Res Community in Santa Clarita
1/14/22
Jefferson Vista Canyon, a 480-unit, Class A multifamily community in Santa Clarita, was acquired by a joint venture between Harbor Group International LLC and Azure Partners LLC. Although we don’t have the purchase price, we ...
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