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• Standard Communities Closes $130 Mil SoCal Multifamily Buy
5/26/22
In a large SoCal Multifamily buy, Standard Communities has purchased Jefferson SoLA, a newly built, 244-unit luxury complex in the city of South Gate, for $130 mil, or about $532.8k/unit. Located at 10930 Garfield Ave, the pr...
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• Lennar Picks Up 10 Acres of Res Development Land in Otay Mesa
5/25/22
Lennar has acquired two sites totaling 10.02 acres in Otay Mesa, located just west of 2160 Cactus Rd. The 436.5k sf site will be the future home of Epoca’s G and I neighborhoods—an extension of ColRich’s mixed-use-village st...
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• MBK Rental Living and Haseko Corporation Acquire 19 Acres in the Bay Area for Residential Rental Development
5/25/22
MBK Rental Living has purchased a 19.5-acre site in Morgan Hill for development of a 389-unit, Class A for-lease residential community named Vida at Morgan Hill. MBK partnered with Haseko Corporation in what marks the two fir...
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• San Gabriel Multifamily Property Goes for $336k/Unit
5/24/22
Kimberly Apartments, a 26-unit multifamily property located in the central San Gabriel Valley city of Baldwin Park, traded for $8.75 mil, or $336.5k/unit. The buyer was a private investor based out of Los Angeles.
Located at...
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• Colorado Multifamily Community Lands New Financing of $58 Mil
5/24/22
The Bluffs at Castle Rock, a 220-unit, garden-style multifamily community in Castle Rock, CO, is being renovated and recapitalized, thanks to a new $58.2 mil senior loan. The funding is being provided to the joint venture own...
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• Downtown Oakland Mixed-Use Asset Trades for $18.5 Mil
5/23/22
La Peralta Apartments, a mixed-use property consisting of 93 residential apartments and five office units in Downtown Oakland, sold for $18.5 mil. The sale closed at 4.61% cap rate.
La Peralta offered a rare opportunity to a...
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• Apartment Community in Central Phoenix Sells for Over $26 Mil
5/23/22
The Willow, an 86-unit multifamily property in Central Phoenix, was purchased by in-state investment group for $26.7 mil, or $310.5k/unit. The property is located at 6315 North 16th St, near the Camelback Corridor, with an ab...
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• Ontario Res Community Trades for $434k/Unit
5/20/22
Charlmont Village Townhomes, a 55-unit property in Ontario, was acquired by a private investment group from Beverly Hills for $23.9 mil, or $434.5k/unit. The property was nearly 100% occupied at time of sale.
Built in 1984,...
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• Sunroad Enterprises Obtains $200 Mil Take-Out Loan on Just Completed San Diego Area Res Community
5/20/22
Sunroad Enterprises has secured a $203 mil construction takeout financing for Vive Luxe, a Class A, 442-unit, multi-housing community the firm built in San Diego’s Kearny Mesa submarket.
Built in 2022, Vive Luxe offers studi...
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• Arizona Multifamily Community Gets New Owner in $75 Mil Deal
5/20/22
Sanctuary on Broadway, a 240-unit multifamily community in Tempe, AZ, traded hands in a $75 mil ($312.5k/unit) transaction. The buyer was a private Washington state-based syndicator.
Sanctuary on Broadway, located at 1330 We...
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• EverWest Real Estate Investors Buys 130-Unit Multifamily Community in Seattle
5/19/22
EverWest Real Estate Investors has purchased Muir Apartments, a 130-unit res community located in the heart of Seattle’s Central District, for $54.5 mil ($419k/unit). Built in 2019, Muir Apartments is a modern, Class A urban ...
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• TruAmerica Multifamily Buys 230-Unit TX Apartment Complex
5/19/22
TruAmerica Multifamily has acquired Cannon Oaks, a 230-apartment home community located just seven miles from downtown Austin in Texas. Completed in 2003, Cannon Oaks is located at 2302 E. William Cannon Dr. and features a mi...
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• Seattle Investment Entity Pays $728k/Unit for AZ Townhome Community
5/18/22
Farmer Avenue Lofts, an 18-unit townhome property in Tempe, AZ, was acquired by Blueprint Capital, a Seattle-based real estate investment trust for $13.1 mil ($728k/unit). Built in 2008, Farmer Avenue Lofts is located at 354 ...
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• Greenbridge Investment Partners Buys Trio of Apartment Properties in the San Fernando Valley
5/18/22
Los Angeles-based Greenbridge Investment Partners has entered the multifamily market with the acquisition of a trio of apartment properties in the San Fernando Valley. The properties are located at 15042 Dickens St in Sherma...
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• Universe Holdings Pays $14.5 Mil for Its Second Ventura Multifamily Property
5/17/22
Universe Holdings has acquired Woodland Manor, a 38-unit multifamily community in Ventura, in an off-market transaction for $14.55 mil ($383k/unit). Built in 1969, the property offers all two-bedroom/two-bath apartments in a ...
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• The Bascom Group Spends $44 Mil on Two Fresno Apartment Communities
5/17/22
The Bascom Group has acquired two apartment communities in the Central Valley for a combined price of $44.5 mil, or $188.5k/unit, in an off-market transaction. The properties -- Casa de Luna Apartments and Casa del Sol Apartm...
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• New Affordable Housing Project Opens Its Doors in Mountain View
5/12/22
Luna Vista Apartments, a new, 71-unit affordable housing development in Mountain View, has officially opened to the public. Located at 950 W. El Camino Real, the five-story project is a development of Alta Housing, a communit...
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• Universe Holdings Lands Refi of $30 Mil on San Fernando Valley Multifamily Community
5/11/22
Universe Holdings has secured a refi loan of $30.3 mil on Nantucket Creek, a 172-unit, garden-style, age-restricted (55+) apartment community in the San Fernando Valley community of Chatsworth.
Nantucket Creek comprises one-...
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• Long Beach Multifamily Property Trades in $47 Mil Deal
5/11/22
Fountain View Apartment Homes, a 153-unit community in Long Beach, traded hands in a recent $47.05 mil ($307.5k/unit) transaction. Built in 1986, Fountain View is located at 2301 E. Market St, east of Chaerry Ave and north of...
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• Recently Completed Colorado Res Community Fetches Just Under $400k/Unit
5/10/22
A brand new, 126-unit Class A apartment community in Longmont (Boulder), CO sold for $50 mil ($396.8k/unit) in a recent sale. The buyer, Cantamar Apartments Associates LLC, plans to rename the community as Alpine Prairie Vill...
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