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• ZMR Capital Pays $90 Mil for AZ Multifamily Property
10/27/21
ZMR Capital purchased The Julia, a 320-unit multifamily community in the Phoenix submarket of Mesa, for $90.15 mil, or $281.7k/unit. Located at 546 South Country Club Rd, the property has been under institutional ownership si...
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• Apartment Property in CA’s Kern County Sells for $68k per Unit
10/27/21
Desert Oasis Community, a 190-unit multifamily property in California’s Kern County, was acquired for $13 mil ($68.4k/unit) by Pro Residential Services Inc. The property is located at 238 N Gold Canyon St in Ridgecrest, a SoC...
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• Brixton Capital Purchases 312-Unit Multifamily Community in Texas
10/27/21
Brixton Capital has acquired Mason Park, a 312-unit multifamily property in the growing area of Katy, TX, in the Greater Houston area. The asset was sold by Hilltop Residential.
Built in 2008, the apartment complex sits on ...
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• Bridge Housing and PATH Ventures Break Ground on Affordable Housing Communities in the L.A. Area
10/27/21
Here’s news of two affordable housing communities that just broke ground in the L.A. area. The projects, both being built by R.D. Olson Construction, are Anaheim and Walnut in Long Beach, valued at $44 mil, and West Carson Vi...
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• Inland Empire Mobile Home Community Trades for $7.85 Mil
10/26/21
A 40-unit mobile home community in the Inland Empire was purchased by a local 1031- exchange buyer for $7.85 mil in cash. The purchase consists of 40 individual mobiles homes, located within the Spring Knolls, Warm Spring Kno...
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• Waterford Property Company and California Statewide Community Development Authority Close $127 Mil Anaheim Multifamily Buy
10/26/21
In a major multifamily buy out of Orange County, Waterford Property Company and California Statewide Community Development Authority have purchased 1818 Platinum Triangle, a 265-unit apartment community in Anaheim’s Platinum ...
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• El Cajon Multifamily Sale Works Out to $221k per Unit
10/25/21
North Winds Apartments, a 20-unit multifamily property in El Cajon, sold for $4.425 mil, or $221.3k per unit. The property is located at 340 Orlando St, just south of I-8.
Erik Anderson and Kyle Pinkalla with NorthMarq repre...
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• Tempe, AZ Res Community Gets New Ownership After $45 Mil Deal
10/25/21
La Cresenta Park and Gardens, a 138.1k sf, 197-unit multifamily community in Tempe, AZ, was purchased by Rise48 Equity LLC for $45 mil in an off-market transaction. The seller was Brookhill Corporation.
The two-story, garde...
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• Hawthorne Apartment Property Goes for $235k per unit
10/25/21
An LA-based private investor paid $6.1 mil for a 26-unit apartment property in Hawthorne. The property, located at 13520 Lemoli Ave, traded at a 4.5% cap rate and a price per unit of just under $235k.
Built in the 1970s, 135...
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• Klingbeil Capital Management Makes 137-Unit Multifamily Buy in the East Bay Area
10/25/21
Avery at TownCentre, a 137-unit, two-story apartment community in the East Bay Area city ofBrentwood, was purchased by Columbus, OH-based Klingbeil Capital Management in a deal worth $49.5 mil ($361.3k/unit).
Avery at TownC...
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• SB Real Estate Partners Adds 124 Res Units in the Inland Empire to Its Portfolio
10/25/21
In a recent Multifamily buy out of the Inland Empire, SB Real Estate Partners (SBREP) has acquired ReNew Redlands, a Class B, 124-unit garden-style apartment community located in Redlands, for $46.2 mil ($372.6k/unit). SBREP ...
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• Long Beach Apartment Property Goes for $312k per Unit
10/22/21
An eight-unit apartment property located at 1148 Stanley Ave in the Eastside submarket of Long Beach sold for $2.5 mil, or $312.5k/unit. The property sold at a 4.3% cap rate.
Built in 1986, the property consists entirely of ...
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• CGI+ Real Estate Strategies to Start Work on Major Mixed-Use Development in L.A.’s Miracle Mile District
10/22/21
CGI+ Real Estate Strategies has received full entitlements and will begin development on a major hotel/multifamily/retail multi-use project at the intersection of Wilshire Blvd and La Brea Ave in Los Angeles’ Miracle Mile Dis...
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• LaSalle Investment Management Closes on $155.6 Mil Vegas Res Buy
10/21/21
Ely at The Curve, a 456-unit, luxury, mid-rise multi-housing complex in the suburban community of Spring Valley in Las Vegas, Nevwas purchased by LaSalle Investment Management in a $155.6 mil transaction. The property was sol...
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• HCF Development Acquires 170-Unit Berkeley Res Property in $100 Mil Transaction
10/21/21
HCF Development has acquired K Street Flats, a 170-unit multifamily property located in the heart of downtown Berkeley, in a recent transaction valued at about $100 mil, or $588.2k/unit. Built in 2006, the project is located ...
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• S2 Capital Partners Picks Up 432-Unit Phoenix Res Community
10/21/21
Oxford Apartment Homes, a 432-unit, low-density garden-style multi-housing community in Phoenix, was purchased by S2 Capital Partners. The property was sold by Knightvest Capital.
Oxford Apartment Homes comprises one-, two- ...
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• Multifamily Community in Spokane Valley, WA Purchased by Next Wave Investors
10/20/21
Park Place Apartments, a 65-unit community in the Spokane submarket of Spokane Valley, WA, was acquired by Next Wave Investors in an off-market transaction. The price was not given out.
Built in 1977, Park Place is located a...
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• New 23-story Upscale Res Development in L.A. Opens Its Doors to First Tenants
10/20/21
Residents have begun moving into the first 200 units at Kurve on Wilshire, the new $300 mil development located on the border of Koreatown and downtown in Los Angeles. The 23-story complex, located at 2801 Sunset Place, is un...
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• Arizona Res Community Purchased by Local Investor in $56 Mil Transaction
10/19/21
Solano Vista, a 352-unit apartment community in Glendale, AZ was sold to a private AZ-based buyer for $56.1 mil, or $159k per unit. Solano Vista is a two-story, garden-style community located at 7102 N. 43rd Ave and features ...
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• FPA Multifamily Buys 98-Unit OR Res Community for $30 Mil
10/19/21
FPA Multifamily acquired Hidden Village, a 98-unit, garden-style multi-housing community in West Linn, OR, for $30.25 mil ($308.7k/unit). The property was sold by Guardian Real Estate Services LLC.
Hidden Village comprises ...
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