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• Sacramento Area Res Community Trades in $33 Mil Deal
1/24/20
Ridge Capital Investors LLC and Contrarian Capital Management LLC have acquired Sterling Pointe, a 250-unit, suburban Sacramento apartment community, for $33 mil, or $132k/unit.
Sterling Pointe, located at 2237 and 2257 Hur...
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• Harbert Seniors Housing Fund II L.P Picks Up 134-Unit Seniors Housing Property in the Sacramento Area
1/23/20
Harbert Seniors Housing Fund II L.P recently acquired The Pines at Rocklin, a 134-unit seniors housing property in Rocklin, CA. The Pines at Rocklin is located at 500 W Ranch View Dr in Rocklin, roughly 30 miles northwest of ...
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• Private Investor Completes Exchange that Consisted of Four SoCal Transactions Totaling $27 Mil
1/23/20
Champion Real Estate Company has acquired Valleywood Apartments, a 42-unit multifamily community in Northridge, for $14.85 mil ($353.5k/unit). It was sold by a private investor.
Built in 1985, Valleywood Apartments, formerly...
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• Daiwa House Acquires Majority Interest in Trumark Companies
1/23/20
Trumark Companies has entered into an agreement with Daiwa House USA Inc, a wholly owned subsidiary of Japan-based Daiwa House Industry Co Ltd, where Daiwa House USA will acquire 60% of the equity interest in Trumark and will...
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• Grand Peaks Properties Buys Student Housing Development Now Under Construction Near UC Davis Campus
1/21/20
Grand Peaks Properties has acquired Lincoln40 -- a student housing community now under development near the campus of the University of California, Davis. The price was not disclosed.
The property was sold by HighBridge Prop...
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• Gelt Inc Spends $145 Mil on Denver Area Res Community
1/20/20
Los Angeles-based Gelt Inc has boosted its Denver area res portfolio with the acquisition of Kallisto at Bear Creek, a 472-unit residential community in Lakewood, CO, for $145.5 mil ($308k/unit). The property is located at 26...
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• Paramount Multifamily Complex Financed with $76 Mil Loan from PCCP LLC
1/17/20
MWest Holdings and BentallGreenOak have obtained a $76.3 mil senior loan from PCCP LLC for the acquisition and renovation of The Enclave, a 306-unit, 300k sf garden-style apartment property in Paramount. The property, located...
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• Res Property in San Diego’s Ocean Beach Trades for Over $18 Mil
1/17/20
A 60-unit multifamily complex in San Diego’s Ocean Beach sold for $18.275 mil, or $304.5k/unit. The 52k sf property sits on a 45.3k sf lot at 4464 Castelar St, west of Nimitz Blvd and south of Point Loma Blvd.
The asset is c...
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• Inland Empire Residential Property Sells for Over $100k/Unit
1/16/20
Villa Real Apartments, a 43-unit multifamily property in San Bernardino, sold for $4.59 mil, or $106.7k/unit. Located at 4190 Sepulveda Ave, the property features all one-bedroom/one-bathroom units. The property sits in proxi...
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• Pathfinder Partners Buys 60-Unit Res Property in Phoenix
1/16/20
Park Paloma – a 60-unit apartment community just south of the Lower Arcadia neighborhood in Phoenix, was acquired for $8.4 mil ($140k/unit) by San Diego-based Pathfinder Partners. Constructed in 1973, the property is located ...
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• Bay Area Mixed-Use Development Moves Forward with $106 Mil in Financing
1/15/20
A Windy Hill Property Ventures-led partnership has obtained $106 mil in financing for the development of 406 E 3rd Ave, a mixed- use project in San Mateo. When completed, the ground-up development will consist of 115k sf of o...
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• Azusa Res Property Picked Up by Local Buyer for $220k/Unit
1/15/20
Rockvale Apartments, a 34-unit, multifamily property in Azusa, sold for $7.5 mil, or $220.5k/unit. The deal closed at a cap rate of 4.3%.
Built in 1960, Rockvale Apartments is situated on .8 acres of land at 333 N. Rockvale...
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• Bay Area Res Community Fetches $725k/Unit
1/14/20
Aperture, an 83-unit luxury apartment community in downtown San Bruno, has traded hands. The asset was sold by Sares Regis Group of Northern California (SRGNC) and its equity investment partner, The Resmark Companies, who par...
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• Los Angeles Multifamily Property Purchased for $259k/Unit
1/14/20
LA-based ROM Investments paid $26.2 mil for Guardian Arms Apartments, a 101-unit ($259k/unit), high-rise mixed-use property in Los Angeles. The property, located at 5217-5233 Hollywood Blvd, midway between Western and Normand...
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• Work Started on Five-Acre, Mixed-Use Development in West Los Angeles
1/13/20
Hines, USAA Real Estate and Philena Properties have begun work on West Edge, a transformative, transit-oriented, mixed-use development situated within the creative heart of West Los Angeles, at the corner of Olympic Blvd and ...
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• Victorville Multifamily Community Trades at Record $118.8k/Unit
1/13/20
Hanes Properties LLC, a Los Angeles-based real estate investment and management firm, has purchased Golden Sands, a 120-unit apartment complex in Victorville, for $14.25 mil ($118.8k/unit). The complex, located on just over e...
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• Bay Area Multifamily Property Acquired for $469k/Unit
1/09/20
Park Plaza, a 49-unit multifamily community in the Bay Area submarket of San Bruno, traded between private investors in a recent $23 mil ($469k/unit) transaction. Park Plaza is located at 2081 Whitman Way, in a San Mateo Coun...
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• Initial Res Apartments Offered for Lease at Ventura Mixed-Use Development
1/08/20
The initial 56 res units have been made available for lease at Port Ventura Harbor, the largest mixed-used waterfront development of its kind on the West Coast. The culmination of nearly two decades of planning, at buildout i...
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• BAG Investments Spends $62.5 Mil on Santa Clarita Multifamily Community
1/06/20
Culver City-based BAG Investments purchased Monterra Ridge Apartments, a 232-unit residential community in Santa Clarita, for $62.5 mil ($269.4k/unit). The property was sold by Gelt Inc.
Built in 1985, Monterra Ridge is loc...
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• San Diego Multifamily Trade Comes in at $295k/Unit
1/05/20
A 47-unit multifamily complex in San Diego’s North Park neighborhood sold for $13.85 mil, or $295k/unit. The 38.6k sf property sits on a 24.4k sf lot at 4602 Kansas St, south of I-8 and just west of I-805.
The property consi...
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