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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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• Gelt Spends $69 Mil on Colorado Multifamily Community
1/04/22
Gelt Inc closed out 2021 with the purchase of Willow Point Townhomes, a 117-unit, rental community in Denver, for $69 mil ($590k/unit) in an off-market transaction. Built in 2016, the property sits on 8.57 acres at 8500 E. Mi...
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• Multifamily Property in Seattle’s Ballard Neighborhood Trades in $53 Mil Deal
1/04/22
Keelson Ballard, a 106-unit apartment building in Seattle’s Ballard neighborhood, sold for $53.6 mil, or $505.7k per unit. The property, located at 1537 NW 56th St, was sold by Seattle-based FA Johnson Development and Pryde D...
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• Berkeley Apartment Building from the 1960s Sells for $388k per Unit
1/03/22
A 23-unit multifamily property in Berkeley sold for $8.925 mil, or $388k per unit. This was the first time the property, located at 2627 Hillegass Ave, was on the market since its original construction back in the 1960s.
262...
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• Kennedy Wilson Ends 2021 with $155 Mil Vegas Area Multifamily Buy
1/03/22
Kennedy Wilson has acquired 3001 Park, a 528-unit, garden-style apartment community in Henderson, NV, for $155 mil ($293.6k/unit), excluding closing costs. Constructed in 1989, the property is located at 3001 W Warm Springs R...
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• L.A. Multifamily Investor Lands $93 Mil in Financing on Three Inland Empire Properties
12/31/21
An L.A.-based investor has obtained $92.7 mil in debt and equity financing for a 397-unit multifamily portfolio consisting of three properties in the Inland Empire. The transactions consisted of refinancings for two of the pr...
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• Jackson Square Properties Buys 216-Unit WA Multifamily Property
12/31/21
San Francisco-based Jackson Square Properties has acquired Ambrose, a 216-unit apartment property in Bremerton, WA. The property was sold by an affiliate of The Wolff Company.
The garden-style property, located at 4520 Bay V...
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• Oakmont Properties Pays $85.6 Mil for Newly Completed Sacramento Area Res Project
12/31/21
Oakmont Properties purchased Element 79, a 214-unit multifamily community in El Dorado Hills, CA, for $85.6 mil ($400k/unit). The property, located at 4373 Town Center Blvd, was just recently completed by AG Spanos, the selle...
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• Four-Unit Res Building in San Diego’s Ocean Beach Sells for $588k per Unit
12/30/21
A four-unit apartment complex in San Diego’s Ocean Beach, a block away from the Pacific Ocean, sold for $2.35 mil, or $587.5k per unit. The 1.9k sf property sits on a 6.7k sf lot at 1703-19 Bacon St.
The property consists of...
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• Waterford Property Company and the California Statewide Community Development Authority Acquire 314 Res Units in Escondido for Essential Rental Housing
12/30/21
A public-private partnership between Waterford Property Company and the California Statewide Community Development Authority (CSCDA) has purchased the Lyon Living multifamily portfolio for $157 mil. The portfolio, consisting ...
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• Fairfield Spends $583k per Unit for Multifamily Property in L.A.’s Hancock Park Neighborhood
12/29/21
Fairfield closed on a very notable year-end multifamily buy in Los Angeles’ Hancock Park neighborhood, paying $60.1 mil for Broadstone Candara at Hancock Park, a 103-unit asset. The transaction works out to $583.5k per unit.
...
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