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• Portland Res Community Refinanced with $71 Mil Loan
5/04/22
A Security Properties affiliate has obtained a $71 mil refi loan on Peloton Apartments, a three-building, 265-unit Class A multifamily community in Portland. The building name - Peloton - means a group of bike riders, paying ...
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• Escondido Multifamily Project Sells for $25 Mil
5/04/22
City Plaza, a newly built, 56-unit multifamily property in Escondido, sold for $25 mil, or $446.4k/unit. The four-story, 63.7k sf project is located at 300-330 South Escondido Blvd.
City Plaza, built in 2018, is located just...
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• Laguna Point Properties Picks Up Over 700 Res Units in Las Vegas
5/03/22
SoCal-based Laguna Point Properties has acquired two apartment communities in Las Vegas totaling 708 units in an off-market transaction worth $129.7 mil ($183k/unit). The properties were sold by an overseas investor.
Topaz a...
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• Tricon Residential Inc and HHS Residential Start Work on166-Unit TX Build-to-Rent Community
5/02/22
Tricon Residential Inc and HHS Residential have broken ground on Hardwick, a high-quality rental community in Saginaw, TX. Hardwick is the second of Tricon’s 13 new, purpose-built, single-family rental home communities in Tex...
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• Tides Equities Closes $37 Mil Multifamily Purchase in Las Vegas
5/02/22
Skyline Parc, a 193-unit, garden-style multifamily property in Las Vegas, has traded hands in a $37.3 mil ($193.3k/unit) transaction. The buyer was Tides Equities LLC.
The property, located at 3675 Cambridge St, was built in...
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• BRAD Management Spends Over $3 Mil on Student Housing Property in Los Angeles
5/02/22
Los Angeles-based BRAD Management purchased a 28-bed student housing property in Los Angeles for $3.1 mil ($110.7k/unit). The seller was Fraternity Housing Corporation.
The property is located at 2715 Portland St, a few bloc...
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• Decron Closes 328-Unit Phoenix Res Buy
4/29/22
Decron Properties has acquired Tamarron Apartments, a 328-unit garden-style multifamily community in Phoenix, for $128 mil ($390k/unit). Tamarron, which comes on the heels of Decron’s recent $107.5 mil purchase of Ascent at P...
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• New Luxury Res Community in West Hollywood Starts Pre-Leasing
4/29/22
Empire at Fairfax, a new 34-unit luxury boutique residential apartment community with ground-floor retail spaces, has been completed and is currently in the pre-leasing phase with move-ins beginning in May 2022. The five-stor...
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• Santa Monica Apartment Building from 1912 Sells for $568k/Unit
4/28/22
Sandy Bay Beach Suites, an 11-unit apartment property in Santa Monica, was acquired by an L.A.-based private investor in a recent $6.25 mil ($568k/unit) transaction. The property is located at 1401 Palisades Beach Rd, just st...
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• MG Properties Buys 215-Unit OC Res Property
4/27/22
MG Properties has purchased The Herald Apartments, a 215-unit, Class A multifamily property in Placentia. The price was not given out.
Built in 2021, The Herald Apartments is located at 150 E. Crowther Ave. The strong demog...
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• Darnell Capital Management Secures $12.6 Mil for San Diego Multifamily Development
4/27/22
Darnell Capital Management is moving forward with a multi-housing development located in San Diego’s Golden Hill neighborhood. The developer obtained $12.6 mil construction financing for the project.
The project will offer a...
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• Bascom Purchases 150-Unit Multifamily Community in Texas
4/26/22
The Bascom Group purchased Windwater at Windmill Lakes, a 150-unit community in Houston, marking their fourth acquisition in the southeast Houston submarket over the last 12 months.
Built in 1999, Windwater at Windmill Lakes...
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• Apartment Property in San Diego’s Hillcrest Neighborhood Trades at $348k/Unit
4/25/22
A 16-unit apartment property in San Diego’s Hillcrest neighborhood sold for $5.57 mil, or $348k/unit. The 8.7k sf property is situated on a 7.1k sf lot located at 526-528 Anderson Place.
Built in 1911, the property consists ...
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• Meta Housing Corporation and Cesar Chavez Foundation Start Work on Affordable Housing Community in Los Angeles
4/22/22
Meta Housing Corporation and Cesar Chavez Foundation Inc have broken ground on a 78-unit affordable housing community for families and individuals in Los Angeles. The 82.6k sf development, located at 619 Westlake, is a reuse ...
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• Pearlstone Partners to Develop 296-Unit Multifamily Project in Austin’s East Riverside Neighborhood
4/21/22
Pearlstone Partners has acquired a residential site in the East Riverside neighborhood of Austin, TX for the development of a 296-unit condominium project. The land purchase is being funded with a $7.14 mil loan provided by K...
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• Universe Holdings Boosts Its Hollywood Portfolio with 24-Unit Acquisition
4/21/22
Universe Holdings has expanded its footprint in Hollywood with the acquisition of a 24-unit multifamily property in an $8 mil ($333k/unit). Built in 1964, the property is located at 1820 El Cerrito Place, east of La Brea Ave ...
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• RM Communities Closes 64-Unit OR Res Purchase
4/20/22
RM Communities has purchased Edison Apartments, a 64-unit apartment community in Gresham, the largest suburb of Portland, for $19.5 mil ($305k/unit). The asset was sold by Trion Properties, who acquired it in October 2020 for...
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• Next Wave Investors Buys 232 Res Units in Texas
4/19/22
Next Wave Investors LLC has acquired Casa Luna Apartments, a 232-unit apartment community in Dallas, TX. The addition of Casa Luna, located at 8411 La Prada Dr E, brings Next Wave’s multifamily portfolio in the Dallas-Fort Wo...
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• Magma Equities Closes on 1,361-Unit TX Multifamily Portfolio
4/15/22
Magma Equities has acquired a portfolio of 1,361 multifamily units in Texas from Hilltop Residential. The high-quality assets have a weighted-average vintage of 2007 and are located in several high-growth markets, including D...
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• Phoenix Res Community Acquired by FSO Capital Partners in $33 Mil Deal
4/15/22
FSO Capital Partners has purchased Park Central Luxury Townhomes, a 56-unit townhome rental community in Phoenix, for $33.5 mil ($598k/unit). The property was sold by Next Wave Investors LLC, who acquired the community for $2...
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