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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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• Private Investor Pays Almost $500k/Unit for Arcadia Residential Complex
5/10/22
Shalimar Apartments, a 20-unit apartment complex in Arcadia, was purchased by a private investor for $9.5 mil ($475k/unit). Located at 933 Arcadia Ave, the multifamily property contains 28k sf of space over two floors.
The p...
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• The Onni Group Picks Up 1.4 Acres of Development Land Along Wilshire Blvd in Los Angeles
5/09/22
The Onni Group has acquired 1.4 acres of development land along Wilshire Blvd in Los Angeles. Located at 5350-5376 Wilshire Blvd, in the city’s Mid-Wilshire neighborhood, the property is a block-to-block site with no height l...
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• MC Companies to Build 156-Unit Res Project in the Tucson Area
5/09/22
MC Companies plans to develop a $39.6 mil, 156-unit Class A multifamily development in the suburbs immediately north of Tucson, AZ, where renter demand continues to outstrip supply. The community, called Arroyo Verde, will be...
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• Two OC Apartment Comps Total Over $11 Mil
5/05/22
We’ve got two OC apartment sales to report, in separate deals totaling $11.1 mil. In one of the transactions, Palm Court Apartments, a 24-unit property in Buena Park, sold for $6.05 mil, or $252k/unit. In the other deal, Drif...
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• TruAmerica Multifamily Picks Up 310-Unit Texas Apartment Community
5/04/22
TruAmerica Multifamily has built its portfolio in Texas to nearly 3,000 units in less than 18 months with the acquisition of Rancho Mirage, a 310-apartment home community in the Dallas/Fort Worth submarket of Irving.
Rancho...
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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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