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• IHP Partners and Berkeley Homes Team Up to Develop 160-unit CO Home Community
6/28/21
IHP Partners and Berkeley Homes have formed a joint venture in the acquisition and development of a new three-story detached, single-family home community within the Baseline master plan in Broomfield, CO. The JV has broken g...
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• Renovated Long Beach Apartment Building Sells for $368k per Unit
6/28/21
A newly renovated, 11-unit apartment property in Long Beach’s Fourth Street / Retro Row neighborhood sold for $4.05 mil, or $368k per unit. Built in 1948, the property is located at 2104 E. Florida, just east of Cherry Ave be...
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• Trion Properties Launches Its Third Multifamily Investment Fund
6/25/21
Trion Properties has announced the launch of Trion Multifamily Opportunity Fund III LLC, its third investment fund vehicle. The fund, which will target $75 mil in equity to deliver $175-200 mil in buying power, will primarily...
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• Community Housing Opportunities Corporation Awarded $22.6 Mil to Build Affordable Housing in Coachella
6/25/21
Community Housing Opportunities Corporation (CHOC), a non-profit affordable housing developer, has been awarded $22.6 mil of financing to begin construction of the Coachella Valley Apartments, which will bring new affordable ...
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• Kennedy Wilson Entities Acquire Three Res Properties and an Opportunity Zone Dev Site in Idaho
6/24/21
Kennedy Wilson has acquired, in separate transactions, three existing apartment communities totaling 640 units for $143 mil, along with an Opportunity Zone development site that is fully entitled for 240 units in the Boise, I...
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• FPA Multifamily Closes 234-Unit Res Buy in Alpine, CA
6/23/21
A two-property, 234-unit multifamily portfolio in Alpine, CA sold for $54.1 mil ($231.2k/unit). The assets, Elán Summit at Alpine and Meadow Woods at Alpine, were sold by Property West Residential. The buyer was FPA Multifami...
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• Built Development Finances Newly Constructed San Diego Res Project with $24.5 Mil Loan
6/22/21
Built Development has secured a $24.5 mil in financing for Cielo, a Class A, mid-rise multi-housing property located in downtown San Diego’s Little Italy neighborhood. Built acquired the land in 2014 and, upon receiving entit...
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• Long Beach Apartment Building Fetches $443k per Unit
6/22/21
A six-unit apartment property in Long Beach’s Belmont Heights neighborhood traded for $2.66 mil, or $443k per unit. The property is located at 4108 E. Broadway, north of Livingston Dr and west of Ximeno Ave.
Built in 1923, t...
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• One Paseo Mixed-User in San Diego Wins Top Honors at Gold Nugget Awards
6/22/21
TCA Architects won top honors at this year’s Gold Nugget Awards for One Paseo, a recently completed mixed-use project located in the Del Mar Heights neighborhood of San Diego. The project won in the category of Best Mixed-Us...
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• Bridge Partners Closes on $111 Mil Res Buy in the Sacramento Area
6/21/21
Bridge Partners has acquired Harvest at Fiddyment Ranch, a 300-unit multifamily community in the Sacramento-area city of Roseville, for $111 mil ($370k/unit). The property was sold by USA Properties Fund, out of Roseville.
L...
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• Investor Exchanges into $13.7 Mil OC Res Buy
6/21/21
Islandia Apartments, a 46-unit apartment building in Westminster, was purchased for $13.7 mil ($298k/unit) by a private family partnership as part of a 1031 exchange.
The property, located at 7152 Fenway Dr, features five s...
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• Upscale Scottsdale Multifamily Development Completed
6/18/21
High Street Residential, the residential subsidiary of Trammell Crow Company, and its partner, Principal Real Estate Investors, have completed the construction of Gramercy Scottsdale, a luxury 160-unit multifamily development...
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• MG Properties Group Acquires 223-Unit Phoenix Apartment Property in $74.5 Mil Transaction
6/17/21
In a notable multifamily buy out of Arizona, MG Properties Group purchased Centra, a 223-unit property in Midtown Phoenix, for $74.5 mil ($334k/unit). The five-story project was sold by FORE Property.
Built in 2020, Centra i...
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• Bay Area Multifamily Development to Move Forward with $131 Mil Investment
6/17/21
Square Mile Capital Management LLC originated a $131.2 mil investment to facilitate the development of Artisan Crossing, a 250-unit multifamily project located 1325 Old County Rd at in the Bay Area city of Belmont. Square Mil...
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• Waterford Property Company Acquires Over 500 Res Units in Pasadena
6/16/21
Waterford Property Company, in partnership with the California Statewide Communities Development Authority (CSCDA), has acquired two Pasadena multifamily communities with a combined 513 units, in deals totaling $335.1 mil ($6...
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• The Hudson Companies Land $78 Mil Refi on Vespaio Mixed-User in San Jose
6/16/21
The Hudson Companies have secured a $78.5 mil bridge refi loan for Vespaio, a recently constructed mixed-use project that is currently in lease up in San Jose. Located at 130 Stockton Avenue, Vespaio is comprised of 162 apart...
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• Livingston Street Capital Buys Texas Adult Res Community
6/15/21
An affiliate of Livingston Street Capital has acquired a 180-unit, 55+ active adult apartment community in the Dallas-Fort Worth submarket of Lewisville, TX. The property has rebranded as Haven at Lewisville Lake.
Haven at L...
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• Decron Properties Buys 194-Unit AZ Res Asset
6/15/21
Decron Properties has made its second acquisition in the Phoenix MSA in the past six weeks with the purchase of 1221 Broadway, a 194-unit Class A multifamily community in Tempe, for $64.75 mil ($333.8k/unit).
Completed in 2...
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• AZ Res Community Traded in $40 Mil Transaction
6/11/21
In a recent multifamily buy out of Arizona, purchased, a 240-unit apartment community in Phoenix, for $40.6 mil, or $169k per unit. The asset was sold by Tides Equities.
Constructed in 1975, Tides on 25th is located at 15620...
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• Investors Management Group Buys 246-Unit TX Multifamily Property
6/08/21
Investors Management Group has acquired Azul Apartments, a 246-unit community in Northwest San Antonio, Texas. Built in 2007, Azul Apartments offers access to Loop 1604, Hwy 16, I-10 and Loop 410, providing residents easy com...
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