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• Decron Properties Buys 324-Unit Multifamily Community in the Phoenix Area
11/03/21
Decron Properties added to its growing footprint in the Phoenix MSA with the purchase of Avery on the Green, a 324-unit multifamily property in the Chandler submarket, for $125.25 mil ($386.6k/unit).
Built in 2000, Avery on...
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• Phoenix Res Community Goes for $41.6 Mil Transaction
11/02/21
Westover Parc Apartments, a 160-unit apartment community in Phoenix, was purchased for $41.6 mil ($260k/unit) by an East Coast-based buyer. Westover Parc Apartments is located at 6515 W. McDowell Rd, west of Hwy 202 and just ...
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• Commercial Financing Briefs
11/02/21
CBRE - Bill Chiles, Scott Peterson and Morgon Fraser of CBRE’s debt and structured finance arranged a $47.6 mil loan for the construction of Geo Queen Anne, a 168-unit multifamily community in Seattle, on behalf of the owner ...
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• MG Properties Group Closes $156 Mil Multifamily Buy in the Inland Empire
11/02/21
MG Properties Group purchased Artesa at Menifee Town Center, a new 330-unit, Class A apartment community in the Inland Empire city of Menifee. The deal, said to be the fourth largest apartment sale ever in the Inland Empire,...
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• Local Investors Trade Downey Apartment Property
11/01/21
A 16-unit apartment property in Downey sold for $3.95 mil, or $247k/unit. The property, located at 11502 to 11506 Adco Ave, traded at a 4.73% cap rate.
Built in 1957, the two-building, two-story property was fully occupied a...
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• TerraLane Communities Underway with Five Upscale For-Rent Single-Family Communities in the Phoenix Area
11/01/21
TerraLane Communities, a recently launched, luxury single-family rental home development firm, is building more than 1,100 upscale rental homes across five communities in Metro Phoenix within the next two years. The company’s...
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• Trion Properties and PCCP LLC Team Up in $82 Mil Colorado Multifamily Buy
10/29/21
Trion Properties, in a venture with PCCP LLC, closed on a large Colorado res buy, paying $82.5 mil for Loft 9 Apartments, a 418-unit ($197.4k/unit) multifamily community in Denver.
Located at 11100 Dartmouth Ave, Loft 9 Apar...
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• CA Investor Spends $10 Mil on AZ Res Asset
10/29/21
The Arcadian, a 45-unit apartment property in Phoenix, was purchased by a California investor for $10 mil, or $222.2k/unit. The seller was a local investor.
Located at 3101 North 36th St in the East Phoenix/Lower Arcadia sub...
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• Private Investors Trade Wilmington Apartment Property in $9.6 Mil Deal
10/28/21
Wilmington Villa, a 44-unit apartment complex in Wilmington, CA, sold for $9.6 mil, or $218k per unit. Built in 1987, Wilmington Villa is located at 808 W Anaheim St, a few blocks east of the 110 Fwy.
Wilmington Villa consis...
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• Glencrest Group Spends Over $23 Mil on 112 Res Units in the Vancouver Area of Washington
10/28/21
Glencrest Group acquired two value-add, garden-style multi-housing communities totaling 112 units in the Vancouver suburb of Battle Ground, WA. The assets were sold by a private investor for $23.15 mil, or $206.7k/unit.
The...
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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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