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• New Standard Equities Pays $342k per Unit for Upland Res Community
1/20/22
New Standard Equities has acquired The Benson, a 236-unit multifamily property in Upland, for $80.75 mil, or $342.2k/unit. The property was sold by an affiliate of Abacus Capital Group.
Built in 1973, The Benson sits on a 51...
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• Rise48 Equity Wraps Up $96 Mil AZ Res Buy
1/19/22
Rise48 Equity closed on a large multifamily buy in Arizona, paying $96.4 mil for a 365-unit ($264.1k/unit) portfolio in Phoenix. The trade, structured as separate transactions closing two weeks apart, included the 141-unit Po...
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• Oregon Apartment Community Trades to FPA Multifamily in $47 Mil Deal
1/18/22
Summit at Hyland Park, a 137-unit, value-add, garden-style multi-housing community located in Beaverton, OR, sold for $47 mil, or $343k/unit. FPA Multifamily acquired the asset from DB Capital Management.
Built in 1985, reno...
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• Davlyn Investments Picks Up Phoenix Multifamily Community for $112 Mil
1/18/22
Davlyn Investments recently acquired The Boulevard a 294-unit, luxury, multi-family community in Phoenix, for $112.5 mil ($382.6k/unit). The property, which will be re-branded “Boulders at Lookout Mountain,” was constructed i...
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• Positive Investments Pays $248/Unit for 274-Unit El Monte Res Portfolio
1/17/22
Positive Investments paid $68 mil for a three-property multifamily portfolio located in the San Gabriel Valley totaling 274 units ($248k/unit). The properties were sold by The Hunsaker Family.
The portfolio, located at 4405 ...
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• MIG Real Estate Buys Seattle Area Res Community and Sells Two Others in Dallas
1/17/22
MIG Real Estate LLC has acquired BluWater, a 152-apartment community in Everett, WA. The deal had a value of over $54 mil ($355.3k/unit).
Located at 11311 19th Ave SE in the north Seattle area, BluWater consists of seven thr...
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• The Bascom Group Acquires 140 Res Units in the San Fernando Valley
1/14/22
The Bascom Group LLC has acquired a two-property, 140-unit multifamily portfolio located in the San Fernando Valley community of Northridge for $52.5 mil ($375k/unit). The properties, NMS Northridge and NMS Superior, boast la...
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• Harbor Group International LLC and Azure Partners LLC Team Up in Acquisition of 480-Unit Res Community in Santa Clarita
1/14/22
Jefferson Vista Canyon, a 480-unit, Class A multifamily community in Santa Clarita, was acquired by a joint venture between Harbor Group International LLC and Azure Partners LLC. Although we don’t have the purchase price, we ...
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• Retro Res Sale in Sacramento Fetches Modern Price of $235k/Unit
1/13/22
The Retro, a 204-unit multifamily community located at 2500 Fair Oaks Blvd in Sacramento’s Arden-Arcade submarket, sold in a $48 mil ($235.3k/unit) deal. Clear Capital purchased the asset from Ridge Capital Investors.
The Re...
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• Riverside Multifamily Property Trades for $424k/Unit
1/12/22
Canyon Crest Luxury Apartments, a 106-unit, value-ad multifamily property in Riverside, was purchased for $45 mil ($424.5k/unit) by R.W. Selby from the original developer/owner. The buyer plans to make extensive renovations t...
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• Quick Overview of Seven Phoenix Multifamily Trades
1/12/22
Seven multifamily properties totaling 285 units in the Greater Phoenix area traded hands in recent transactions totaling $64 mil. The properties were all sold separately and comprised of primarily value-add assets in dynamic ...
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• MG Properties Group Starts Off 2022 with 564-Unit Res Buy in Denver
1/11/22
MG Properties Group has acquired 3300 Tamarac Apartments, a 564-unit multifamily asset in the Hampden neighborhood of Denver, for $141 mil ($250k/unit). The property is located at 3300 S Tamarac Dr.
The community was sold by...
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• Stos Partners Buys 25-Unit Res Property in El Cajon
1/11/22
Stos Partners recently acquired Lincoln Washington Apartments, a 25-unit multifamily property in El Cajon, in a $6 mil ($240k/unit), off-market transaction. The property is located at 685 S. Lincoln Ave, south of I-8 and west...
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• Fairfield, CA Multifamily Trade Comes in Just Over $200k per Unit
1/10/22
Delta Court Apartments, a 177-unit residential property in Fairfield, CA, traded hands for $37.35 mil, or $210.5k/unit. Built in 1962, the property is located at 1350 Crowley Ln, east of I-80 roughly midway between San Franci...
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• Meta Housing Breaks Ground on 142-Unit Affordable housing Project in Santa Clara
1/07/22
Meta Housing has begun work on Stony Oaks Apartments, a four-story, medium high-density community that will provide 142 units of affordable housing to the city of Santa Rosa. Located at 2542 Old Stony Point Rd, the apartment ...
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• Kennedy Wilson Buys 200-Unit Res Community in Las Vegas
1/07/22
Kennedy Wilson has acquired 5400 Vistas, a 204-unit, garden-style apartment community in Las Vegas, for $50 mil, or $245k/unit. The property is located at 5400 S. Mountain Vista St, north of Russell Rd.
The purchase marks th...
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• West Covina Multifamily Sale Tops $80 Mil
1/06/22
A 200-unit apartment property in West Covina traded hands in an $80.4 mil ($402k/unit) transaction. The buyer was Los Angeles-based apartment investor Ron Nasch.
The property, located at 1231 W Francisquito Ave, had recently...
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• Decron Properties Closes 2021 with 132-Unit Apartment Buy in Arizona
1/06/22
Decron Properties capped off the most active year in the firm’s 30-year history with its acquisition of BB Living at Eastmark, a 132-unit multifamily Build to Rent (BTR) community in Mesa, AZ, for $76 mil ($576k/unit).
Built...
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• Village Partners Ventures and The Bascom Group Secure Land and Financing for Mixed-Use Project in Montclair
1/05/22
Village Partners Ventures LLC and The Bascom Group LLC have teamed up on a construction loan and a $10 mil land buy in Montclair to develop a mixed-use project named Village at Montclair. The development, sitting on six acres...
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• Tishman Speyer Acquires Over Three Acres in Downtown Santa Monica for Development of Over 600 Res Units along with Retail Space
1/04/22
Tishman Speyer has completed the acquisition of the Santa Monica Collection, a portfolio consisting of eight development sites across nearly 3.1 acres in Downtown Santa Monica. The company plans to develop 620 Class A apartme...
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