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• New Res Development in Seattle Lands $42 Mil Refi Loan
12/02/21
Plus Capital Partners LLC has obtained a $42.63 mil refi loan on Shoresmith Apartments, a new, 113-unit res development in Seattle. The project, located at 1170 Republican St, also includes 1.3k sf of ground floor retail spac...
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• Seattle Apartment Building Trades for $7.3 Mil
12/01/21
The Marco, a 25-unit apartment building in the Roosevelt submarket of North Seattle, was acquired by a local syndication group for $7.28 mil ($291.2k/unit). The Marco is located at 9100 Roosevelt Way NE, in close proximity to...
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• The Bascom Group Buys 147-Unit Multifamily Community in Reno
11/30/21
The Bascom Group has acquired Sierra Point Apartments in the Reno, NV metro area for $31 mil in an off-market transaction. Built in 1996 and 1998, the 147-unit ($210.9k/unit), garden-style multifamily community consists of 84...
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• Sacramento Multifamily Property Fetches $38 Mil
11/30/21
Westlake Apartments, a 148-unit multifamily property in Sacramento, sold for $38 mil ($256.8k/unit). The property, located at 1 Shoal Court, was sold by Graceada Partners.
During its 15-month hold period, Graceada Partners s...
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• Seattle Apartment Community Sells for $120 Mil
11/29/21
Panorama House, a 179-unit apartment community in Seattle, sold for $120 mil ($670.4k/unit). The property was 99% leased at the time of sale.
Located at 1100 University St, Panorama House is an 18-story community offering a...
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• DB Capital Management Makes 352-Unit Multifamily Buy in San Antonio
11/26/21
DB Capital Management has purchased Salado Springs, a 352-unit multifamily community in North Central San Antonio, TX. Built in 1997, Salado Springs is located at 12727 Vista Del Norte and is 15 miles north of downtown San An...
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• CGI+ Real Estate Strategies Wraps Up $50 Mil Multifamily Buy in Oxnard
11/23/21
CGI+ Real Estate Strategies acquired Alturas, a 170-unit multifamily community located in Oxnard, for $50.7 mil ($298k/unit) in an off-market transaction. The deal represents CGI’s second suburban purchase in the last 11 mont...
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• Long Beach Apartment Portfolio Trades for Nearly $42 Mil
11/23/21
A 17-property, 155-unit apartment portfolio in Long Beach sold for $41.85 mil, or $270k per unit.
The portfolio is comprised of assets in “B” locations across Long Beach and just over half of the units are Section 8 housing....
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• Tricon Residential Inc, Foremost Pacific Group and Woodbridge Pacific Group Companies Start Work on Wildomar Res Community
11/22/21
Tricon Residential Inc, Foremost Pacific Group and Woodbridge Pacific Group Companies broke ground on Bacara, a 170-unit, modern Spanish townhome single-family rental community in Wildomar. The new, family-friendly townhome c...
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• Begonia Real Estate Development Breaks Ground on 74-Unit Multifamily Project in Temple City
11/22/21
Begonia Real Estate Development broke ground on a 58.3k sf, mixed-use multifamily project in the San Gabriel Valley. The $36.8 mil development is being built by C.W. Driver Companies.
Located at 5570 Rosemead Blvd in Temple ...
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• DB Capital Management Buys 43-Unit Multifamily Property Outside of Salt Lake City, UT
11/19/21
DB Capital Management bought Twin Trees Apartments, a 43-unit multifamily community located at 275 South Fort Lane Blvd in Layton, UT, approximately 20 minutes north of Downtown Salt Lake City. A price was not given out.
Bui...
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• TruAmerica Multifamily Acquires 652 Res Units in Houston
11/19/21
TruAmerica Multifamily has made its first investments in Houston with the acquisition of a two-property multifamily portfolio totaling 652 units. The portfolio includes the 364-unit Camden Oak Crest and 288-unit Camden Park, ...
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• New Single-Family Res Development in Vegas’ Summerlin Area is Completed
11/18/21
Obsidian, a single-family community within the Summerlin masterplan in the Las Vegas area, has opened. Geared toward young professional buyers, the collection of 94 single family homes utilizes an efficient footprint to help ...
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• RanchHarbor Closes 112-Unit Res Buy in the Boise, Idaho Market
11/18/21
Newport Beach-based RanchHarbor has purchased Glenbrook Apartments, a 112-unit multifamily garden-style apartment complex in Boise, ID, in an off-market deal. The price was not disclosed.
Built in 1973, Glenbrook includes 13...
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• Recently Completed Portland Mixed-Use Project Lands $100 Mil Refi
11/18/21
The Green Cities Company and American Realty Advisors have secured $100 mil in first mortgage debt to refinance 5 MLK, a recently completed mixed-use development in Portland, OR. The new loan was provided by Mesa West Capital...
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• Richmond American Homes Buys Final 261 Single-Family Lots within Menifee Master-Planned Community
11/17/21
Richmond American Homes has purchased the final 261 single-family lots within the Braverde master-planned community in Menifee. The finished lots were sold by IHP Capital Partners. The transaction is the homebuilder’s second...
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• Avanath Capital Management Picks Up Corona Senior Multifamily Community in $65 Mil Deal
11/17/21
In a multifamily buy from about a month or so ago, Avanath Capital Management LLC has acquired River Run Senior, a 360-unit senior affordable housing community in Corona. The transaction had a price tag of around $65 mil ($18...
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• El Cajon Apartment Portfolio Trades for $22 Mil
11/16/21
A four-property, 89-unit ($247k/unit) multifamily portfolio in El Cajon traded hands in a $22 mil deal. We’re told the deal marks the largest non-institutional portfolio sale in El Cajon in more than five years.
The transact...
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• Anthem Properties Group Locks Up $59 Mil in Construction Money and Equity for Sacramento Res Development
11/16/21
Anthem Properties Group, out of Canada, has obtained $39 mil of construction debt and $20 mil of equity for a new 137-unit development in Sacramento. George Smith Partners arranged the loan and advised on the equity placement...
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• Arcadia Mixed-Use Property Sells for $39 Mil
11/16/21
A private investor from Taiwan paid $39.2 mil in cash for a mixed-use residential and retail property in Arcadia. The property, located at 57 Wheeler Ave, is one of the few mixed-use projects in the City of Arcadia that has t...
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