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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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• 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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