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Fremont Multifamily Community Sells for $112.5 Mil 12/17/21 The Rexford, a 203-unit, fully-renovated multifamily community in Fremont, was purchased for $112.5 mil ($554k/unit) by a publicly traded real estate investment trust in a deal we’re told ranks as as the largest single multif...
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Overseas Investor Pays $373k per Unit for Multifamily Asset in Ontario 12/17/21 Hallmark at Mission, a 75-unit multifamily community in Ontario, recently traded to a private foreign investor for $28 mil, or $373.3k/unit, in an all-cash transaction. Located at 840 S. Magnolia Ave, the four-story property ...
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DB Capital Management Picks Up 112-Unit Multifamily Property in Austin 12/17/21 DB Capital Management has purchased its third property in Texas in the last two months with its acquisition of Lantana Trace, a 112-unit multifamily community in Austin. The price was not disclosed.
Since entering Texas in 2...
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Pomona Multifamily Property Purchased for $130 Mil 12/16/21 Monterey Station, a 349-unit apartment complex in Pomona, was purchased by Standard Communities and Faring, a leading national investor and developer of affordable and workforce housing, for $130 mil ($372.5k/unit). The commu...
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Multifamily Community in San Diego’s Little Italy Neighborhood Sells for $650K per Unit 12/15/21 Eighteen Ten State Street, a 99-unit, Class A multifamily property in San Diego’s Little Italy neighborhood, sold for $64.4 mil, or $650.5k per unit. The eight-story, mid-rise structure was sold by McMillin LLC.
Eighteen Ten...
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Long Beach Apartment Sale Closes at $306k per Unit 12/15/21 An eight-unit apartment property located at 26 Belmont in the Belmont Shore area of Long Beach traded for $2.45 mil, or $306k per unit. The buyer was a Los Angeles-based private investor.
Built in 1953, the two-story propert...
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Ventura Office Campus Trades for $24.3 Mil 12/15/21 Buenaventura Financial Center, a four-building, 162.7k sf garden-style office campus in Ventura, was purchased by a Los Angeles-based private investor for $24.3 mil ($149/sf). The property sits on 7.7 acres at 255, 260, 290 a...
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Decron Properties Grows Its Phoenix Res Portfolio with $101 Mil Purchase of 256 Units 12/14/21 Decron Properties acquired Arrowhead Ranch by Baron, a 256-unit community located in Glendale, AZ, for $101 mil, or $394.5k/unit. With the addition of Arrowhead Ranch, Decron has now acquired 1,352 units in the Phoenix MSA ov...
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Seattle Development Site Goes for $13 Mil 12/14/21 A two-parcel, 22k sf development site in Seattle’s University District sold for $13 mil. Formerly home to a Walgreens and its parking lot, the two-parcel site located at 1205 NE 50th Street and 4751 Brooklyn Street benefits f...
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RISE Properties Trust Spends $75 Mil on Portland Apartment Community 12/13/21 Canada-based RISE Properties Trust paid $75 mil for 10th @ Hoyt, a 178-unit ($421.3k/unit) multifamily community in Portland’s Pearl District. The property was sold by San Francisco Bay Area-based Prometheus Real Estate Group...
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Waterford Property Company and California Statewide Community Development Authority Spend $280 Mil on 480-Unit Pasadena Res Property 12/10/21 Waterford Property Company, in partnership with the California Statewide Community Development Authority (CSCDA), has acquired Westgate Apartments, a 480-unit multifamily property in Pasadena, for $280 mil ($583.3k/unit). The...
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Channel Properties Buys Newly Constructed Multifamily Property in Marin County 12/10/21 Napa-based Channel Properties purchased a newly constructed, 41-unit multifamily mixed-use development in downtown San Rafael, just north of San Francisco in affluent and severely supply-constrained Marin County. Completed in...
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OC Multifamily Community Acquired for $182.5 Mil by GID 12/10/21 The Valentia Apartment Homes, a Class A multifamily community consisting of 335 market-rate units in the North Orange County submarket of La Habra, sold for $182.5 mil ($545k/unit). The property is located at 951 S. Beach Blv...
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Investors Management Group Buys 312-Unit TX Apartment Property 12/09/21 Investors Management Group has acquired Hardy Oak, a 312-unit apartment community in San Antonio, for an undisclosed price.
Located at 23975 Hardy Oak Blvd, the gated property consists of 13 buildings constructed in 2020. T...
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Chatsworth Apartment Property Sells for Over $100 Mil 12/09/21 Waterstone, a 354-unit ($287.5k/unit) apartment building in Chatsworth, was purchased for $101.8 mil by Lincoln Avenue Capital, a developer of affordable and workforce housing.
Located at 9901 Lurline Ave, Waterstone is the...
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Long Beach Apartment Building Sells for $286k per Unit 12/08/21 An OC-based private investor paid $2.29 mil for an eight-unit ($286.3k/unit) apartment property in Long Beach. The property is located at 912 Gladys Ave, in the city’s Rose Park Historic District.
Built in 1963, 912 Gladys A...
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Xenon Investment Corp Spends $7.5 Mil on 33-Unit L.A. Res Property 12/07/21 Hollywood Apartments, a 33-unit multifamily property in Los Angeles, was purchased for $7.5 mil ($227.3k/unit) by investor Deepak Mehta and Xenon Investment Corp. The asset was sold by RPVoge Investments, a family trust.
Hol...
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Waterford Property Company Acquires 472-Unit Pomona Multifamily Community for Preservation of Existing Affordable Housing 12/07/21 Waterford Property Company, in partnership with California Statewide Community Development Authority (CSCDA), a joint powers authority, has acquired 777 Place, a 472-unit multifamily property in Pomona, for $149.4 mil ($316.5...
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HomeFed Corporation Closes $167 Mil Multifamily Buy 12/07/21 HomeFed Corporation has wrapped up a $167.5 mil purchase of a 519-unit ($322k/unit) multifamily asset in Escondido. The property, Solana at Grand, features a mix of studio, one- and two-bedroom units.
Units at Solana at Gran...
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OC Multifamily Sale to AmpliFi Apartment Unit Prices in the Region 12/06/21 AmpliFi Apartments, a 290-unit luxury apartment community located at 600 West Commonwealth in Fullerton, recently traded hands in a $168 mil transaction. The buyer was Nuveen Real Estate. We’re told that at $579.3k per unit, ...
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