|
• OR Multifamily Property Financed with $28 Mil Freddie Mac Loan
1/23/18
Horizon Realty Advisors has received $28.25 mil in financing for Forest Hills Apartments, a 248-unit multi-housing community in Eugene, OR. HFF arranged the loan through Freddie Mac’s CME Program.
Forest Hills Apartments is ...
|
• Apartment Building Near Downtown LA Fetches Over $200k/Unit
1/22/18
Niagara Apartments, a 10-unit apartment property located in L.A.’s Echo Park neighborhood near downtown, sold for $2.03 mil, or $202.5k/unit.
Originally built in 1960, the single building, two-story property is located at 13...
|
• Presidium Group Obtains $100 Mil Freddie Mac Credit Facility on Two TX Properties
1/19/18
Walker & Dunlop Inc has structured a $100 mil, Freddie Mac Revolving Credit Facility for Presidium Group LLC. The credit facility was initially secured by two properties, Solaris and The Violet, both located in Austin, TX, an...
|
• Denver Mixed-User Sold in $24.5 Mil Deal
1/19/18
Denver Regional Investment Properties LLC acquired Highland Place, a mixed-use property totaling 54.6k sf in Denver, for $24.5 mil, or around $449/sf. The property, located at 3372 W. 38th Ave, was sold by Allante Properties....
|
• Local Investors Trade Hollywood Apartment Building in $4 Mil Deal
1/18/18
A Los Angeles-based private investor paid $4 mil for a 19-unit apartment property in Hollywood. The property, located at 1847 N. Cherokee Ave, west of the 101 Fwy and just south of Franklin Ave, was built in 1950.
The two-st...
|
• IEC Buys 400-Unit Multifamily Asset in Orange County
1/18/18
In a recent OC multifamily buy, Interstate Equities Corporation (IEC) has purchased Surf at 39, a 400-unit value-add multifamily asset in Huntington Beach, for $134 mil, or $335k per unit. The acquisition was on behalf of the...
|
• Berkadia Closes First Affordable Single Family Rental Financing
1/17/18
Berkadia has closed the very first Affordable Single Family Rental financing through Freddie Mac Multifamily for TrueLane Homes, a leading owner of single-family rental homes.
The financing was in the amount of $11.1 mil for...
|
• Jamison Picks Up Dev Site in L.A.’s Koreatown
1/17/18
Local LA-area developer/investor Jamison paid $14 mil for a multifamily development site in Los Angeles’ Koreatown district. The real estate was sold by Harvard 826 Property LLC, a private investment entity owned by Hersel Ne...
|
• Work Started on 131-Unit Residential/Retail Project in LA’s Koreatown
1/15/18
CGI Strategies has started construction on The Mariposa, a mixed-use development with 121-unit apartment units over 4.6k sf of street-level retail space in Los Angeles’ Koreatown district.
Construction is the culmination of ...
|
• Private Investor Pays $260k/Unit for Hollywood Multifamily Property
1/15/18
A Los Angeles-based private investor has purchased Beachwood Apartments, a 10-unit apartment property located in Hollywood, for $2.6 mil, or $260k per unit.
Originally built in 1961, this single building, two-story property ...
|
• Watermarke Properties Secures $145 Mil in Financing on Four CA Multifamily Assets
1/15/18
Watermarke Properties Inc has obtained $145.68 mil in combined financing for four multi-housing properties totaling 930 units in various California locations.
The portfolio includes: Adagio on the Green, located at 26600 Oso...
|
• Concord Multifamily Community Sells for $206 Per Unit
1/12/18
Lakes Apartments, a 102-unit multifamily community in the Bay Area city of Concord, was purchased for $21 mil ($206k/unit) by The Lakes Concord Property Owner LLC, a private investment group.
The property, located at 1818, ...
|
• Local Investor spends $4.8 Mil for Cameron Historical Building in Temecula
1/11/18
Murrieta-based Winchester Partners LP paid $4.8 mil for Cameron Historical Building, a mixed-use property in Temecula. Located in the heart of the city’s Old Town, the fully occupied property includes 24 affordable housing un...
|
• Kort & Scott Financial Group Acquires Leasehold Interest in Brea Manufactured Housing Community
1/11/18
Kort & Scott Financial Group has landed a $30 mil Fannie Mae adjustable-rate loan for the acquisition of a leasehold interest in Crestmont Mobile Estates, a 289-space manufactured housing community (MHC) located 33 miles sout...
|
• San Fernando Valley Mobile Home Community Refinanced with $33.6 Mil
1/10/18
Summit Mobile Home Community LLC has received a $33.6 mil Fannie Mae loan to refinance Summit Mobile Home Park located in West Hills, a community in the western San Fernando Valley, within the Los Angeles MSA. Summit Mobile ...
|
• AZ Housing Community Financed with $9.5 Mil Loan
1/10/18
HFF has arranged $9.5 mil in financing for The Traditions, a Class A, 160-unit multi-housing community in Mesa, AZ.
The Traditions is situated on 7.65 acres at 4450 East Southern Ave, approximately 25 miles southeast of down...
|
• Sunroad Enterprises Lands $165 Mil in Financing on Two Upscale San Diego Apartment Properties
1/09/18
Sunroad Enterprises is refinancing two new luxury apartment complexes in San Diego with $165 mil in short-term first mortgage debt originated by Mesa West Capital. Sunroad developed and owns the two assets, situated in the ci...
|
• TruAmerica Multifamily Teams Up with Blackstone Real Estate Income Trust in $126 Mil Res Buy
1/05/18
TruAmerica Multifamily, in its first joint venture partnership with an affiliate of Blackstone Real Estate Income Trust, Inc, has acquired a 635-unit multifamily portfolio consisting of two properties in the Denver and Seattl...
|
• Mosser Capital Acquires Six-Property LA Res Portfolio with Six Loans Totaling $42 Mil
1/05/18
Mosser Capital has secured three separate five-year, floating-rate loans totaling $42.33 mil on a six-property, 222-unit multi-housing portfolio in Los Angeles. The loan proceeds were used acquire the properties, upgrade comm...
|
• KMG Properties Buys 168-Unit Res Property in Phoenix
1/04/18
San Diego-based KMG Properties purchased Villas on Bell, a 168-unit, garden-style multifamily property in Phoenix, for $24.6 mil ($146.4k/unit). The deal was financed with $12.7 mil in Fannie Mae acquisition money.
Located a...
|
Return to the Multifamily area
