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• Hawthorne Apartment Property Goes for $235k per unit
10/25/21
An LA-based private investor paid $6.1 mil for a 26-unit apartment property in Hawthorne. The property, located at 13520 Lemoli Ave, traded at a 4.5% cap rate and a price per unit of just under $235k.
Built in the 1970s, 135...
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• Klingbeil Capital Management Makes 137-Unit Multifamily Buy in the East Bay Area
10/25/21
Avery at TownCentre, a 137-unit, two-story apartment community in the East Bay Area city ofBrentwood, was purchased by Columbus, OH-based Klingbeil Capital Management in a deal worth $49.5 mil ($361.3k/unit).
Avery at TownC...
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• SB Real Estate Partners Adds 124 Res Units in the Inland Empire to Its Portfolio
10/25/21
In a recent Multifamily buy out of the Inland Empire, SB Real Estate Partners (SBREP) has acquired ReNew Redlands, a Class B, 124-unit garden-style apartment community located in Redlands, for $46.2 mil ($372.6k/unit). SBREP ...
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• Long Beach Apartment Property Goes for $312k per Unit
10/22/21
An eight-unit apartment property located at 1148 Stanley Ave in the Eastside submarket of Long Beach sold for $2.5 mil, or $312.5k/unit. The property sold at a 4.3% cap rate.
Built in 1986, the property consists entirely of ...
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• CGI+ Real Estate Strategies to Start Work on Major Mixed-Use Development in L.A.’s Miracle Mile District
10/22/21
CGI+ Real Estate Strategies has received full entitlements and will begin development on a major hotel/multifamily/retail multi-use project at the intersection of Wilshire Blvd and La Brea Ave in Los Angeles’ Miracle Mile Dis...
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• LaSalle Investment Management Closes on $155.6 Mil Vegas Res Buy
10/21/21
Ely at The Curve, a 456-unit, luxury, mid-rise multi-housing complex in the suburban community of Spring Valley in Las Vegas, Nevwas purchased by LaSalle Investment Management in a $155.6 mil transaction. The property was sol...
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• HCF Development Acquires 170-Unit Berkeley Res Property in $100 Mil Transaction
10/21/21
HCF Development has acquired K Street Flats, a 170-unit multifamily property located in the heart of downtown Berkeley, in a recent transaction valued at about $100 mil, or $588.2k/unit. Built in 2006, the project is located ...
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• S2 Capital Partners Picks Up 432-Unit Phoenix Res Community
10/21/21
Oxford Apartment Homes, a 432-unit, low-density garden-style multi-housing community in Phoenix, was purchased by S2 Capital Partners. The property was sold by Knightvest Capital.
Oxford Apartment Homes comprises one-, two- ...
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• Multifamily Community in Spokane Valley, WA Purchased by Next Wave Investors
10/20/21
Park Place Apartments, a 65-unit community in the Spokane submarket of Spokane Valley, WA, was acquired by Next Wave Investors in an off-market transaction. The price was not given out.
Built in 1977, Park Place is located a...
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• New 23-story Upscale Res Development in L.A. Opens Its Doors to First Tenants
10/20/21
Residents have begun moving into the first 200 units at Kurve on Wilshire, the new $300 mil development located on the border of Koreatown and downtown in Los Angeles. The 23-story complex, located at 2801 Sunset Place, is un...
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• Arizona Res Community Purchased by Local Investor in $56 Mil Transaction
10/19/21
Solano Vista, a 352-unit apartment community in Glendale, AZ was sold to a private AZ-based buyer for $56.1 mil, or $159k per unit. Solano Vista is a two-story, garden-style community located at 7102 N. 43rd Ave and features ...
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• FPA Multifamily Buys 98-Unit OR Res Community for $30 Mil
10/19/21
FPA Multifamily acquired Hidden Village, a 98-unit, garden-style multi-housing community in West Linn, OR, for $30.25 mil ($308.7k/unit). The property was sold by Guardian Real Estate Services LLC.
Hidden Village comprises ...
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• Kennedy Wilson to Master Develop Mixed-Unit Community in Partnership with California State University Channel Islands
10/18/21
Kennedy Wilson has inked a long-term ground lease for a 32-acre parcel in Camarillo, owned by California State University Channel Islands (CSUCI), and unveiled plans for a new, 589-unit mixed-residential community.
Kennedy W...
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• Hybridge Capital Management and Productive Capital Associates Close on $40 Mil Student Housing Buy in Denver
10/15/21
Hybridge Capital Management, in a venture with Productive Capital Associates, has acquired The Villas, a 120-unit, 360-bed student housing community in Denver, for $40 mil ($333k/unit) in an off-market transaction.
The Villa...
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• Abacus Capital Group Closes $144 Mil Multifamily Buy in Washington
10/14/21
The Ridgedale Apartment Homes, a 334-unit multifamily community in Bellevue, WA, was sold to an affiliate of New York-based Abacus Capital Group for $144 mil ($431k/unit). The property was sold by The Ezralow Company, a Calab...
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• Pennant Housing Group Picks Up 91-Unit Affordable Housing Property in Berkeley
10/13/21
Pennant Housing Group has purchased Harriet Tubman Terrace, a 91-unit, Section 8 HAP property in Berkeley. The acquisition was financed with a $32.5 mil Fannie Mae DUS® Multifamily Affordable Housing (MAH) loan arranged by Gr...
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• Tailwind Investment Group Closes 197-Unit Res Buy in the Inland Empire
10/12/21
Tailwind Investment Group has acquired The Vue, a 197-unit multifamily community in San Bernardino, for $53.6 mil, or $272k per unit. Situated on 11.94 acres at 1660 W. Kendall Dr, the property was sold by Dalan Management an...
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• $300 Mil in Financing Deals Arranged by JLL Capital Markets and George Smith Partners
10/11/21
Here are financing briefs for two deals worth almost $300 mil arranged by JLL Capital Market and George Smith Partners. One of the transactions is for a refi on a Class A office building in San Francisco, while the other is f...
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• TruAmerica Multifamily Boosts Texas Portfolio with $46.7 Mil Res Buy
10/11/21
TruAmerica Multifamily has grown its Texas portfolio to nearly 1,500 apartments in less than nine months with its first acquisition in San Antonio, the 270-unit The Estates at Canyon Ridge, for $46.7 mil ($173k/unit). Built i...
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• Multifamily Property in San Diego’s Bankers Hill Neighborhood Sells for $760k per Unit
10/11/21
A nine-unit multi-family project in San Diego’s Bankers Hill neighborhood sold for $6.85 mil ($761k/unit). The project is located at 2308 Albatross St, just a few blocks from Little Italy. It is comprised of all two-bedroom a...
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