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• Signature Properties Picks Up Scottsdale Multifamily Property for $30 Mil
11/15/21
Signature Properties has purchased The 89 on Hayden, an 89-unit multifamily property in Scottsdale, AZ, for $30.1 mil ($338.2k/unit). The deal was financed with a loan for $15.7 mil.
The 89 on Hayden, located at 2240 North H...
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• Universe Holdings Wraps Up $36.5 Mil Cash-Out Refi on 11 Properties
11/15/21
Universe Holdings has received $36.5 mil in cash-out financing secured by a Southern California portfolio of 11 of the firm’s smaller multifamily communities.
The 10-year, 3.53% fixed-rate financing from Fannie Mae allowed U...
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• LaTerra Development and QuadReal Property Group to Develop 573-Unit Apartment Project in Downtown Burbank
11/15/21
LaTerra Development, a Los Angeles-based developer, together with QuadReal Property Group, a global real estate company based in Vancouver, have secured a $198.5 mil construction loan for the development of 573 apartment home...
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• Guardian Real Estate Services to Develop 234-Unit Res Project Outside of Portland
11/12/21
A Guardian Real Estate Services affiliate will develop Monroe Apartments, a 234-unit apartment community located five miles south of downtown Portland in Milwaukie, OR. The Class A, multifamily project will be situated on 7....
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• Burbank Multifamily Community Purchased by Clarion Partners and Cityview in $161 Mil Transaction
11/12/21
Empire Landing, a 276-unit, garden-style apartment community in Burbank, was acquired by a joint venture of Clarion Partners and Cityview in a $161 mil ($583k/unit) transaction. The buyers are planning a comprehensive renovat...
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• Related Group to Start Work on 420-Unit Res Project in Chandler, AZ
11/11/21
Related Group has announced plans for a 420-unit residential development in Chandler, AZ. The garden-style community, called Town Chandler, is being built by McShane Construction Company.
Positioned on an 18-acre site, Town ...
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• LuxView Properties Secures $93 Mil for Redlands Residential Development
11/11/21
LuxView Properties has obtained $93 mil in preferred equity and construction financing for the development of Venue at Orange, a 328-unit, wood-frame, garden-style multi-housing community in Redlands. The financing was arrang...
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• Bay Area Multifamily Property Goes for $658k per Unit
11/11/21
Farm Hill Manor, a 24-unit newly renovated multifamily community in the Bay Area submarket of Redwood City, was purchased by a private investor for $15.8 mil, or $658.3k per unit.
Originally constructed in 1963, Farm Hill Ma...
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• Advanced Real Estate Closes $80 Mil Res Buy in the Inland Empire
11/10/21
Advanced Real Estate paid just over $80 mil for a 212-unit ($377.4k/unit) multifamily property near Downtown Riverside. The apartment building, called Mission Lofts, was completed in 2019 by the Realm Group, of Newport Beach....
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• Meta Housing Corporation Begins Work on 150-Unit Affordable Housing Project in Palmdale
11/10/21
Meta Housing Corporation has broken ground on Palmdale Terrace, a 151-unit affordable multifamily housing development in Palmdale. The project, located at SW 25th St East and East Ave, is being built by RAAM Construction Inc....
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• Phoenix Multifamily Trades Total Up to Over $16 Mil
11/10/21
Local private investors purchased four Phoenix multifamily properties in deals totaling $16.2 mil.
In one of the transactions, a private local family trust purchased Arcadia Citrus Court, located at 3709 East Flower St, for...
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• DHIJ Management Acquires OR Apartment Property in $44 Mil Deal
11/09/21
DHIJ Management acquired Misty Ridge, a 103-unit, garden-style multi-housing community in Happy Valley, OR, in the Portland MSA, for $44 mil ($427.2k/unit).
Misty Ridge comprises one-, two- and three-bedroom units averaging...
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• Waterford Property Company and California Statewide Community Development Authority Buy 105-Unit Res Community in Pasadena
11/09/21
Waterford Property Company, in partnership with California Statewide Community Development Authority (CSCDA), has acquired THEO, a 105-unit multifamily community located at 289 N. El Molino Ave in Pasadena, for $67 mil ($
Up...
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• Carmel Partners Buys 101-Unit Res Property in San Jose
11/08/21
A Carmel Partners affiliate purchased One38 Apartments, a 101-unit apartment community adjacent to the San Jose Convention Center. Built in 2019, the property sits on 1.5 acres at 138 Balbach St in the city’s downtown. The ac...
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• Kennedy Wilson Buys 220-Unit Multifamily Community in Reno for $66 Mil
11/08/21
Kennedy Wilson has acquired Northtowne Summit, a 220-unit apartment community in Reno, NV, for $66 mil ($300k/unit) in an off-market transaction. The purchase was made through Kennedy Wilson Fund VI, a commingled fund the fir...
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• Affordable Housing Project in Chula Vista Breaks Ground
11/05/21
A venture led by Chelsea Investment Corporation and Meridian Development just broke ground on Columba, a 200-unit affordable housing project in Chula Vista. Located on just over three acres at the northeast corner of Optima S...
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• Kennedy Wilson and Goldman Sachs Asset Management Complete $95 Mil Pickup of Colorado Multifamily Property
11/05/21
Kennedy Wilson, in a venture with a Goldman Sachs Asset Management entity, has acquired Arista Uptown, a 272-unit garden-style apartment community located at 8500 Arista Place in Broomfield, CO, for $95 mil ($349.3k/unit), ex...
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• MC Companies Buys 455 Res Units in the Austin, TX Suburb of Pflugerville
11/05/21
MC Companies has purchased its third Texas multifamily community this year – The Sage at 1825 and Sage Cottages (“The Sage”), two adjacent properties totaling 455 units in the rapidly growing Pflugerville suburb of northeast ...
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• MIG Real Estate Buys 238-Unit Apartment Property in Seattle
11/04/21
MIG Real Estate bought Solara, a 238-unit multifamily community in North Seattle, in an $84 mil transaction that works out to $353k/unit. The asset was sold by Sares Regis Multifamily Funds, a multifamily value-add investment...
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• Walton Street Capital Picks Up Newly Developed Res Community in Las Vegas
11/04/21
Chicago-based Walton Street Capital has acquired Elysian at The Palms, a 286-unit, newly developed apartment community in Las Vegas. Built in 2021, the 286-unit, Class A multifamily asset is located at 3850 West Nevso Dr, adj...
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