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• Sacramento-Area Multifamily Property Refinanced with New Loan for $34 Mil
4/15/22
American Capital Group has locked up a $34 mil refi loan on Laguna Creek Apartments, a 160-unit, garden multifamily community in Elk Grove. The loan was provided by Hartford Investment Management Company.
Located at 8760 Cen...
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• Bridge Investment Group Completes $72 Mil Bay Area Apartment Buy
4/14/22
Bridge Investment Group has acquired ReNew on Sunset, a 224-unit apartment community located in the Solano County city of Suisun City, for $72 mil, or $321.4k per unit. The asset was sold by FPA Multifamily.
Located at 831 P...
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• Laguna Point Properties Purchases 1,037-Unit DTLA Res Portfolio
4/14/22
Laguna Point Properties has acquired a five-property, 1,037-unit multi-housing portfolio located in downtown Los Angeles. The deal was financed with $328.8 mil in acquisition money arranged by JLL Capital Markets.
The portfo...
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• Avanath Capital Management Buys 36-Unit OC Affordable Senior Housing Community
4/13/22
Avanath Capital Management LLC acquired St. John’s Manor, a 36-unit affordable senior housing community in Costa Mesa, for $11.75 mil ($326k/unit). The deal marks the firm’s third OC purchase this year.
Built in 1984 and ren...
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• Vegas Res Community Purchased by Tide Equities in $41.5 Mil Deal
4/12/22
Tides Equities LLC purchased VIO Apartments, a 208-unit multifamily property in Las Vegas, for $41.5 mil, or $199.5k/unit. The property, located at 764 E Twain Ave, was sold by Laguna Pointe Properties.
Built in 1972 and ren...
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• Calson Management Picks Up Development Sites in Livermore and Soquel
4/12/22
Calson Management has landed $16.275 mil in combined financing for the acquisition of two development land sites in northern California. The sites, in Livermore and Soquel, total 12.73 acres and will be used for the developme...
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• Alliance Residential Company and American Realty Advisors Purchase Nine-Acre Res Development Site in Glendale, AZ
4/12/22
Scottsdale-based Alliance Residential Company and American Realty Advisors teamed up in the purchase of just over nine acres of development land in Glendale, AZ for $13.5 mil. The venture plans to construct a brand new 314-un...
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• Decron Properties Picks Up 270-Unit AZ Res Community in $107.5 Mil Transaction
4/11/22
Decron Properties has acquired Ascent at Papago Park, a 270-unit garden style multifamily asset in Phoenix, AZ, in a recent transaction worth $107.5 mil ($398k/unit). The purchase is the first of two acquisitions that the Los...
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• Two Bay Area Seniors Housing Communities to Move Forward with $21.5 Mil in Financing
4/11/22
Calson Management has secured a $21.5 mil loan for two memory care seniors housing communities totaling 48 units in California’s Bay Area. The portfolio consists of Crescent Oaks in Sunnyvale and Silver Oaks in Menlo Park.
L...
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• Texas Multifamily Buy Financed with $19 Mil Acquisition Loan
4/11/22
Ashton Apartment Homes, a 152-unit, garden-style multifamily property in the Dallas-Forth Worth Metroplex community of Saginaw, was acquired by a private investor in a 1031 exchange. The purchase was funded with a bridge loan...
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• Legacy Partners and Pacific Life Lock In $106 Mil for Denver Res Tower Project
4/08/22
A Legacy Partners and Pacific Life joint venture has obtained $106 mil in JV equity and construction money for Araceli DTC, a 236-unit res tower development in Denver. The Class A, NGBS Green Certified Gold high-rise is sched...
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• Stillwater Capital Investments Buys 16.6-Acre Development Site in Mesa, AZ
4/08/22
Dallas-based Stillwater Capital Investments acquired a 16.6-acre multifamily development site in Mesa, AZ in an $11.1 mil transaction. Stillwater plans to construct a brand new 373-unit Class A apartment community on the site...
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• Sudberry Properties Nearing Completion on 10-Acre Mixed Development in San Diego’s Scripps Ranch Area
4/07/22
Construction is nearing completion on The Hub at Scripps Ranch, a mixed-use redevelopment project featuring 260 modern luxury apartments with outstanding amenities and 10.7k sf of retail/restaurant space. The 9.52-acre site, ...
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• Veleta Capital LLC and Oaktree Capital Management Team Up for New Lending Platform
4/07/22
Veleta Capital LLC and funds managed by Oaktree Capital Management L.P. have launched a strategic joint venture, Veleta Capital Partners (“VCP”), creating an institutional lending platform for multifamily and commercial real ...
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• Magma Equities and Franklin Templeton Pick Up 281-Unit Multifamily Community in Texas
4/07/22
Magma Equities, in a joint venture with funds managed by Franklin Templeton, has acquired Palencia Apartment Homes, a 281-unit apartment community in north Dallas. The purchase represents Magma’s fourth multifamily investment...
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• Vegas Mixed-User Purchased by 3D Investments LLC in $216 Mil Transaction
4/06/22
Beverly Hills-based 3D Investments LLC acquired Tivoli Village, a 669.4k sf, Class A open-air mixed-use project in Las Vegas, for $216 mil. The purchase includes an additional 8.29-acre development site. The property was sold...
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• New 293-Unit Lakefront Community in Texas Opens Its Doors
4/06/22
880 LYN, a 293-residence, lakefront community in the master-planned community Las Colinas in Irving, TX, has opened its doors. The community is a development of Legacy Partners. It will be managed by ZRS Management.
The tran...
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• Concord Multifamily Asset Lands New Owner in $31.5 Mil Transaction
4/05/22
The Lakes Apartments, a 102-unit apartment community located in the Bay Area city of Concord, traded hands in a recent deal worth $31.5 mil, or $308.8k/unit. Built in 1967, The Lakes is situated on 4.2 acres at 1818, 1819 and...
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• CEDARst Companies To Develop 190-Unit Res Project in San Diego
4/05/22
CEDARst Companies has landed $43.5 mil in construction financing for the development of 4135 Park Blvd, a 190-unit, mid-rise, mixed-use multi-housing project located on the border of the North Park and Hillcrest submarkets in...
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• Serrano Development Group to Build 127-Unit Multifamily Project in Azusa
4/04/22
Serrano Development Group has secured $47 mil in non-recourse construction financing for the development of Lumia Apartments, a 127-unit, market-rate multifamily project in Azusa.
Situated on a 1.2-acre site adjacent to th...
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