|
• Burbank Apartment Portfolio Trades for First Time in Over 30 Years
10/27/20
An 84-unit apartment portfolio in Burbank was purchased for $31.25 mil, or $372k per unit. The portfolio consists of two 42-unit apartment buildings just two blocks from each other in the heart of the city.
The three-story a...
|
• San Diego Res Community Traded in $107 Mil Transaction
10/26/20
Agave Ridge, a 369-unit townhome community in San Diego’s Kearny Mesa neighborhood, was acquired by San Francisco-based Prime Residential in a transaction worth $107 mil ($290k/unit). The asset was sold by Goldrich & Kest, ou...
|
• Corona Residential Property Traded Between SoCal Investors in a $4.57 Mil Deal
10/23/20
Lakeside Villas Apartments, a 21-unit community in Corona, has sold in a recent $4.57 mil ($218k/unit) transaction. The property, 100% occupied with strong cash flow, is considered to present significant value-add upside.
B...
|
• Pathfinder Closes $18 Mil Multifamily Buy in Colorado
10/22/20
Pathfinder Partners has purchased Highlands at Red Hawk, a 56-unit apartment community in the affluent submarket of Castle Rock, just south of Denver, CO. Red Hawk, acquired for $18.2 mil ($325k/unit), is Pathfinder’s 11th Co...
|
• Local Developer Spends $3.75 Mil on Entitled Site in Hollywood
10/21/20
A vacant, 8.8k sf parcel of land within an Opportunity Zone in Hollywood was purchased by a Los Angeles-based developer for $3.75 mil. The site, located at 5717 Carlton Way, is fully entitled for the development of Fifty-Seve...
|
• Excelsa Properties Purchases 260-Unit TX Multifamily Community
10/20/20
Excelsa Properties has acquired Aspen at Mercer Crossing, a 260-unit multifamily community located at 1851 Knightsbridge Rd in Farmers Branch, TX. This represents the sixth multifamily property acquisition of Excelsa US Real ...
|
• Advanced Real Estate Services Pays $130 Mil for 346-Unit Res Asset in Chino Hills
10/19/20
Advanced Real Estate Services Inc has acquired The Crossings, a 346-unit, newly-built multifamily property in Chino Hills, in a recent transaction valued at $130 mil ($375k/unit). The firm purchased this property with 1031 ex...
|
• ELK Development Locks in $14 Mil for Development of Hollywood Micro-Unit Res Project
10/19/20
ELK Development has secured $14.1 mil in construction financing for an 86-micro-unit development located in the Hollywood opportunity zone census tract. Construction of the project, located at 502 S. Harvard, north of Wilshir...
|
• Investors Trade San Gabriel Valley Multifamily Asset in $9.7 Mil Deal
10/16/20
The Azusan, a 44-unit multifamily property in the San Gabriel Valley city of Azusa, was acquired by Barker Pacific Group for $9.7 mil, or $220k per unit.
Located at 1345 N. San Gabriel Ave, the two-story community was origin...
|
• 336-Unit AZ Res Community Refinanced with $50.7 Mil Freddie Mac Loan
10/16/20
Tuscany Ridge, a 336-unit multifamily property in Peoria, AZ, has been refinanced with a Freddie Mac, $50.76 mil cash-out loan. The property, located at 8203 West Oraibi Dr, is owned by The Aukum Group, out of Larkspur.
Tusc...
|
• Final Phase Completed at California Landmark Group’s G8 in Marina del Rey
10/15/20
The final phase has been completed at G8, the largest multifamily/commercial development in Marina del Rey’s Marina Arts District. The $120 mil project – a development of California Landmark Group (CLG) -- includes 228 rental...
|
• Burbank Res Property Sells for $307k/Unit
10/15/20
The Capri, a 21-unit apartment building in the city of Burbank, sold for $6.46 mil, or $307.6k/unit. Built in 1967, the property sits on a 17.4k sf lot at 520 E. Magnolia, just north of Olive Ave, and east of I-5 and Glenoaks...
|
• Investors Trade 18-Unit Multifamily Property in Lomita
10/14/20
An 18-unit apartment building located in Lomita was purchased by a private investor for $4.12 mil or $229k/unit. It was sold by a private party in a deal that closed at a 4.9% cap rate.
The property is located at 2065 255th...
|
• Trion Properties Pays $12 Mil for New Res Community in the Portland Area
10/13/20
Trion Properties, in a joint venture partner with AMC Investments, has acquired Hood Apartments, a brand-new, 64-unit multifamily community in the Portland area city of Gresham, for $12 mil ($187.5k/unit). The property sits o...
|
• Capital Group and Tilden Properties Close $64 Mil Res Buy in Reno
10/13/20
Silver Ridge Apartments, a 300-unit residential community in West Reno, was acquired for $64 mil ($213.3k/unit) by a partnership between California-based multifamily investors, IDEAL Capital Group and Tilden Properties. We’re...
|
• EAH Housing Completes 87-Unit Affordable Housing Project in the East Bay
10/09/20
Estrella Vista, a new affordable, transit-oriented, mixed-use, multifamily community in the East Bay, has been completed and is open to the public. The 87-unit project, developed by EAH Housing, will serve the needs of fami...
|
• Phoenix Res Community Purchased by CA Investor in $16.75 Mil Transaction
10/09/20
La Estrella Vista Apartments, a 96-unit multifamily community in Phoenix, was purchased by a CA-based private investor for $16.75 mil, or $174k per unit. The property was sold by Next Wave Investors LLC, who acquired acquired...
|
• Lincoln Property Company and Bridge Investment Group Land Construction Money to Build 236-Unit Portland Res Project
10/08/20
Lincoln Property Company and Bridge Investment Group have obtained $88.89 mil in construction financing to build Fremont Apartments, a Class A, multi-housing community in Portland, OR. The project is situated on 1.84 acres at...
|
• KDF Communities Acquires Seniors Multifamily Property in Huntington Beach for $49 Mil
10/08/20
KDF Communities has purchased Five Points Senior Apartments, a 166-unit multifamily community in Huntington Beach, for $49 mil, or $295k/unit. The property was sold by a private seller who originally developed the project in ...
|
• Vesta Property Management Buys 51-Unit Multifamily Property in Federal Way
10/07/20
Providence Landing Apartments, a 51-unit multifamily property located at 31220 28th Ave South in Federal Way, WA, was acquired by Vesta Property Management LLC in a recent $11 mil ($216k/unit) deal. The property was sold by K...
|
Return to the Multifamily area
