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• Chula Vista Res Property Sells for $230 per Unit
12/29/21
Positive Investments paid $6 mil for The E Street Apartments, a 26-unit ($230.8k/unit) apartment complex in Chula Vista. The 13.5k sf property is located on a 27k sf lot at 585 E St.
The E Street Apartments, constructed in 1...
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• LaTerra Buys 42-Unit Multifamily Property in West Hollywood
12/28/21
LaTerra has purchased Terraces at La Cienega, a 42-unit apartment property located just steps from the world-famous Sunset Strip in West Hollywood. The price was not given out.
The property was sold by the original builder o...
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• The Bascom Group Picks Up 600 Res Units in Texas
12/28/21
The Bascom Group LLC has continued their acquisition spree in Texas acquiring two more apartment communities totaling 602 units. The transaction price was not given out.
One of the properties, Spencer Park Row totals 390 uni...
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• The Bascom Group Buys 200-Unit Sun Chase Community in Las Vegas
12/27/21
The Bascom Group LLC has acquired Sun Chase, a a 200-unit multifamily property in Las Vegas, for $40.5 mil, or $202.5k per unit, in an off-market transaction.
The garden-style property, built in 1984/1985, offers residents a...
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• Montgomery Partners Wraps Up $30 Mil Year-End Apartment Buy in Colorado
12/27/21
Montgomery Partners has purchased The Harrison, a 119-unit multifamily community in Aurora, CO for $29.5 mil ($248k/unit). The property was sold by Pathfinder Partners.
Located at 12000 E Kansas Drive, The Harrison sits near...
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• Kennedy Wilson Entity Pays $121 Mil for OR Res Community
12/27/21
Kennedy Wilson Fund VI (“Fund VI”), a commingled Western U.S. value-add fund managed by Kennedy Wilson, has acquired Arbor Heights, a 348-unit, garden-style apartment community in Tigard, OR, for $121 mil ($347.7k/unit).
Bu...
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• SB Real Estate Partners Closes $73 Mil Vegas Res Buy
12/24/21
SB Real Estate Partners (SBREP) has made its second multifamily investment in the Las Vegas MSA over the past seven weeks with the $73.1 mil off-market acquisition of St. Croix Apartments, a 256-unit ($285.5k/unit) garden-sty...
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• Tower 16 Capital Partners Picks Up AZ Multifamily Property at $190k/Unit
12/24/21
San Diego-based Tower 16 Capital Partners has acquired Park 67 Apartments, a 160-unit multifamily property located in Glendale, AZ, for $30.4 mil ($190k/unit). Built in 1973, Park 67 Apartments was acquired from a private sel...
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• AZ Res Community Acquired for $114 Mil by Davlyn Investments
12/22/21
Davlyn Investments has acquired Trevi, a 290-unit, Class A luxury multi-family community in Chandler, AZ, for $114.385 mil ($394.4k/unit).
Constructed in 2005, Trevi features nine- to 12-foot ceilings, central heating and a...
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• Greystar Real Estate Partners Buys 264-Unit Res Community in Riverside
12/22/21
Greystar Real Estate Partners purchased Viano at Riverwalk, a 264-unit apartment complex in Riverside. The property was sold by Griffin Living, a nationally recognized leader in senior living, multi-family, and retail develop...
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• Kamiak Pays $8 Mil for Development Parcel in Seattle
12/21/21
A 22.9k sf land parcel located in north Seattle’s Fremont neighborhood sold to real estate firm Kamiak for $8 mil. The parcel is being considered for future mixed-use multifamily development.
The property is located at 4318...
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• New 65-Unit Res Project in L.A.’s Silverlake Area is Fully Leased at Project Completion
12/21/21
The Ridge, a new 65-unit multifamily in Los Angeles’ Silverlake neighborhood, has been completed and is 100% leased up. The indoor/outdoor-inspired multifamily property, located at 3160 Riverside Dr, adjacent to Griffith Park...
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• Security Properties Buys Newly Constructed WA Res Community from The Wolff Company
12/20/21
Security Properties purchased 207 East, a newly constructed, 288-unit apartment community in Edgewood, WA, from The Wolff Company. The price was not immediately given out.
Built in 2020, 207 East consists of one-, two- and t...
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• Trion Properties Acquires 197-Unit Multifamily Property in the Sacramento Area
12/20/21
Trion Properties purchased ReNew Carmichael, a 197-unit apartment community located in the Sacramento-area city of Carmichael, for $46 mil in an off-market transaction. The property was sold by FPA Multifamily in a deal that ...
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• Milhaus to Build 219-Unit Upscale Res Project in Tempe
12/20/21
Milhaus has announced plans for Apache, a new 219-unit luxury multi-family development in Tempe, AZ. The project, situated on a 4.5-acre site at 2125 E. Apache Blvd in a Qualified Opportunity Zone , will be built by McShane C...
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• Fremont Multifamily Community Sells for $112.5 Mil
12/17/21
The Rexford, a 203-unit, fully-renovated multifamily community in Fremont, was purchased for $112.5 mil ($554k/unit) by a publicly traded real estate investment trust in a deal we’re told ranks as as the largest single multif...
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• Overseas Investor Pays $373k per Unit for Multifamily Asset in Ontario
12/17/21
Hallmark at Mission, a 75-unit multifamily community in Ontario, recently traded to a private foreign investor for $28 mil, or $373.3k/unit, in an all-cash transaction. Located at 840 S. Magnolia Ave, the four-story property ...
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• DB Capital Management Picks Up 112-Unit Multifamily Property in Austin
12/17/21
DB Capital Management has purchased its third property in Texas in the last two months with its acquisition of Lantana Trace, a 112-unit multifamily community in Austin. The price was not disclosed.
Since entering Texas in 2...
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• Pomona Multifamily Property Purchased for $130 Mil
12/16/21
Monterey Station, a 349-unit apartment complex in Pomona, was purchased by Standard Communities and Faring, a leading national investor and developer of affordable and workforce housing, for $130 mil ($372.5k/unit). The commu...
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• Multifamily Community in San Diego’s Little Italy Neighborhood Sells for $650K per Unit
12/15/21
Eighteen Ten State Street, a 99-unit, Class A multifamily property in San Diego’s Little Italy neighborhood, sold for $64.4 mil, or $650.5k per unit. The eight-story, mid-rise structure was sold by McMillin LLC.
Eighteen Ten...
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