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• Legacy Homes Lands $86 Mil Refi on NoCal Res Community
5/29/20
Legacy Homes has obtained an $86.2 mil Freddie Mac refi loan on Aspire Apartments, a 348-unit apartment community in Tracy, a NoCal city roughly 20 miles southwest of Stockton. Aspire Apartments is located at 2725 Pavilion Pk...
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• Older Apartment Building in San Diego’s Pacific Beach Area Sells for $356k/Unit
5/29/20
An eight-unit complex in San Diego’s Pacific Beach neighborhood sold for $2.85 mil, or $356.3k/unit. The 5.3k sf property sits on a 6.2k sf lot located at 1524 Missouri St, north of Mission Bay roughly midway between I-5 and ...
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• MBK’s Urban Res Development in Menifee Finishes Construction and is Now Leasing
5/28/20
Artesa at Menifee Town Center, a Spanish mission-style apartment community developed by MBK Rental Living in Menifee, is now completed and available for leasing. Offering urban-style living in a walkable, small-town setting, ...
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• Coastal Rim Properties Buys Hawaii Res Tower Site
5/27/20
In news of an upcoming Hawaii res project, Coastal Rim Properties Inc acquired a prime 0.30-acre (12.8k sf) land parcel in downtown Honolulu, on which the firm intends to develop a brand new, 20-story affordable senior housin...
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• Paramount Multifamily Property Purchased for $4.7 Mil by Exchange Investor
5/27/20
Capetown Village, an 18-unit multifamily property in Paramount, was purchased by a private investor for $4.7 mil, or $261k/unit.
Located at 7205 Motz St, Capetown Village was originally constructed in 1986 and is comprised ...
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• Community Preservation Partners and The Hampstead Companies Undertake $26 Mil Affordable Housing Rehabilitation Project in Montana
5/26/20
Community Preservation Partners (CPP), in a partnership with The Hampstead Companies, has acquired its first property in Montana – the Ponderosa Acres Apartments located in Billings. The purchase is the first step in a rehabi...
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• Decron Properties Buys 188-Unit Bay Area Res Property for $71.5 Mil
5/26/20
Decron Properties has acquired Rancho Luna Sol, a 188-unit multifamily community in Fremont, CA for $71.5 mil, or $380.3k/unit. With its acquisition of Rancho Luna Sol, Decron increased its regional portfolio to 1,054 units o...
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• Greenlight Communities Completes Two AZ Attainable Housing Communities
5/25/20
Greenlight Communities has completed development of two attainable housing communities in Phoenix, AZ. The communities provide a solution to rising apartment rents and the persistent need for more affordable housing, which ...
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• Unique Pacific Palisades Coastal Vineyard Property Hits the Market
5/25/20
We’ve learned of an opportunity to acquire a unique, 1.5-acre coastal vineyard estate with a storied past in the SoCal community of Pacific Palisades. The property is perched on a crest overlooking Las Pulgas Canyon and the P...
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• Bridge Investment Group Buys 339-Unit Sacramento Multifamily Community
5/22/20
The Fountains at Point West, a 339-unit multifamily property in Sacramento, was acquired by Bridge Investment Group, out of Salt Lake City, in an $85.15 mil transaction. The property, viewed as a value-add opportunity, is loc...
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• Apartment Property in Studio City Sells for Almost $400k/Unit
5/22/20
A 1031 exchange investor purchased Laurel Towers, a 20-unit apartment complex in Studio City, for $7.9 mil ($395k/unit). The apartment community is located at 12100 Valley Spring Lane, one block from Ventura Blvd at Ventura P...
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• Oakmont Properties Pays Over $300k/Unit for CO Multifamily Asset
5/21/20
Oakmont Properties has purchased Fusion 355, a 286-unit multifamily property in Broomfield, CO, for $90 mil, or around $315k/unit. The asset, located at 355 Eldorado Blvd, was sold by AG Spanos, out of Stockton.
Built in 201...
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• Riverside Apartment Property Goes for $153k/Unit
5/20/20
A 36-unit multifamily property in Riverside sold for $5.5 mil, or $153k/unit. The corner lot property is located at 3801 Madison St and 7469 Magnolia Ave, on the northwest side of the 91 Fwy about three miles south of I-215.
...
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• Greystone Provides $116 Mil in Freddie Mac Loans on Three L.A. Res Portfolios
5/19/20
Here’s a quick Freddie Mac multifamily financing update, as Greystone has provided $116.4 mil in Freddie Mac loans to refinance three separate portfolios. The portfolios contained a total of 34 workforce housing properties, a...
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• Escondido Dev Site Trades Hands
5/19/20
The Ivy, a one-acre site in downtown Escondido that has already been entitled for a proposed multifamily development, has traded hands. The Ivy is anticipated to consist of 127 new residential units comprising studio-, one- a...
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• Apartment Building in L.A.’s Highland Park Area Trades for Almost $400k/Unit
5/15/20
The Abbott, a fully occupied six-unit apartment property in Los Angeles’ Highland Park neighborhood, was purchased by a Los Angeles-based private investor for $2.375 mil, or $396k/unit. The property is located at 400 N Avenue...
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• Oakmont Properties Buys 453-Unit, Luxury Res Project in Salt Lake City
5/15/20
Oakmont Properties purchased Hardware Apartments, a 453-unit, Class A luxury resort-style apartment community located at 455 West 200 North in Salt Lake City for an undisclosed amount. The property was sold by KBS Real Estate...
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• Pico Union Housing Corporation Picks Up 844-Unit Res Portfolio in San Antonio
5/14/20
Pico Union Housing Corporation has acquired a five-property, multi-housing portfolio totaling 844 affordable housing units within the San Antonio, TX market. The assets were sold by Terravista Partners. The price was not disc...
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• Berkadia Arranges $44 Mil in Financing on Two Res Properties
5/08/20
An unnamed ownership entity hs obtained $44.38 mil in combined financing on two multifamily properties, in California and Texas. The properties are Vineyard Village, located in Rancho Cucamonga, CA, and Wellington Park in Lew...
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• Unique Bungalow Res Community in L.A.’s Highland Park Sells for over $400k/Unit
5/07/20
The Cottage Club, an iconic rental community consisting of eight stand-alone cottages in L.A.’s Highland Park neighborhood, was acquired by a local 1031 exchange investor for $3.22 mil ($402.5k/unit). The property is located ...
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