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• Magma Equities and Walker & Dunlop Investment Partners Close on 820-Unit Texas Multifamily Purchase
10/19/22
Magma Equities, in its first joint venture with Walker & Dunlop Investment Partners, has acquired a two-property, 820-unit suburban value-add multifamily portfolio in Texas from Moody National Companies in an off-market trans...
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• Legacy Partners and Lionstone Investments Underway on Second Phase of Redevelopment of Redmond Square Shopping Center
10/18/22
Legacy Partners and Lionstone Investments have begun work on the second phase of the redevelopment of Redmond Square Shopping Center, a mixed-use project in the heart of Downtown Redmond, WA. The development is composed of 62...
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• Odyssey Properties Group Wraps Up 155-Unit Arizona Res Acquisition
10/17/22
L.A.-based Odyssey Properties Group has acquired Nola on 50th, a 155-unit multifamily community located in the Arcadia submarket of Phoenix, for $37.25 mil ($240k/unit). Nola on 50th, which Odyssey will be rebranding as Parq ...
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• Vegas Area Multifamily Community Sold by Haven Realty Capital
10/14/22
Quinn Apartment Homes, a 237-unit garden-style multifamily community located in Las Vegas, was purchased by a Los Angeles-based real estate firm. The property was sold by Haven Realty Capital.
Built in 1991, the two-story co...
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• Meta Housing Corporation and The Foundation for Affordable Housing Break Ground on 46-Unit Res Project in L.A.’s Filipinotown
10/14/22
Meta Housing Corporation and The Foundation for Affordable Housing have broken ground on Lucena on Court, a five-story, 46-unit affordable housing community for individuals and families in L.A.’s Historic Filipinotown communi...
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• Westminster Res Development Completed
10/13/22
Bolsa Row Apartments, a 234k sf, 200-unit residential mixed-use project in Westminster, has been completed. The development will serve as the gateway to the city’s vibrant and culturally significant Little Saigon District, ho...
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• Salinas Apartment Property Trades for $9.25 Mil
10/13/22
Plaza Grande, a 92-unit multifamily community in Salinas, CA, was acquired by a Los Angeles County-based private investor for $9.25 mil, or $100.5k/unit. The asset was sold by a Monterey-based real estate entity that original...
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• Phoenix Res Buy Financed with $29 Mil Freddie Mac Loan
10/12/22
Cala Paradise Valley Apartments, a 168-unit multifamily property in Phoenix, was acquired by a private real estate investment partnership. The deal was financed with a $29.3 mil loan arranged by Gantry.
The garden-style comp...
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• Oregon Multifamily Property Sold in $124 Mil Transaction
10/12/22
One Jefferson, a 347-unit multifamily community in Lake Oswego, OR, traded hands in a recent $124 mil ($357.3k/unit) transaction. The asset was sold by a Security Properties-related joint venture.
Built in 1986, One Jefferso...
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• Griffis Residential Spends $115 Mil on Colorado Multifamily Community
10/11/22
In an institutional multifamily investment deal out of Colorado, Griffis Residential acquired Peakview Apartments, a 304-unit community in Centennial, for $115 mil, or $378k/unit. The property was sold by Denver-based EverWes...
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• Santa Monica Affordable Res Property Portfolio Lands $141 Mil Recapitalization
10/11/22
WS Communities LLC has secured a $141.4 mil recapitalization of its Samo Apartments Portfolio, an 11-property, 399-unit affordable multifamily residential portfolio located in Santa Monica. The recapitalization, consisting of...
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• OC Multifamily Property Traded Between Private Investors in $18.5 Mil Deal
10/11/22
A 48-unit multifamily community in Costa Mesa was acquired by a 1031 exchange, private investor in a recent $18.5 mil ($385.4k/unit), all cash transaction. The seller of the low-density, garden-style multifamily asset was als...
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• NBP Capital to Start Work on 271-Unit Res Project in Portland
10/10/22
NBP Capital anticipates starting construction in the fourth quarter of 2022 on Sunshine Dairy, a 271-unit, seven-story, podium-style apartment project located at 801 NE 21st Avenue in Portland, OR. The company has obtained $6...
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• Harbor Custom Development Lands $39 Mil Loan for Development of WA Res Community
10/07/22
Harbor Custom Development Inc has secured $39 mil in construction money to complete the development of a 177-unit, garden-style multifamily community located in Lacey, WA, a suburb of the Seattle/Tacoma MSA. The non-recourse ...
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• Preservation Equity Fund Advisors Buys 75-Unit Seniors Affordable Housing Project in Washington
10/05/22
Preservation Equity Fund Advisors LLC (PEF Advisors) purchased Rainier Vista, a 75-unit affordable housing property for seniors 55+ in Pacific, WA.
Originally developed in 2003 with low-income housing tax credits, Rainier Vi...
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• Ventura Apartment Property Sells for $369k/Unit
10/05/22
Hacienda Villas, a 34-unit multifamily property in Ventura, traded hands for $12.55 mil, or $369k/unit. The two-story property is located at 10829 Del Norte St, north of Telegraph Rd and west of Wells Rd.
Built In 1977, the ...
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• Sandstone Properties Inc Secures $28 Mil on Woodland Hills Property
10/05/22
Sandstone Properties Inc has obtained a $28 mil loan to refinance an existing loan and to finance the pre-development of a 35-story multifamily development and four-story hotel conversion in Woodland Hills. The loan was provi...
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• Two Res Communities Totaling 155 Units in Seattle Fetch $41.5 Mil
10/03/22
Two multifamily properties totaling 155 units in Seattle’s Ballard neighborhood traded for $41.5 mil ($268k/unit). The properties, the Belay and Noba apartments, were sold by Intercontinental Real Estate Corporation.
The apa...
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• Apartment Building in the Bixby Knolls Area of Long Beach Sells for $380k/Unit
9/30/22
A Santa Monica-based private investor paid $3.05 mil for an eight-unit ($381.3k/unit) apartment property in the Bixby Knolls submarket of Long Beach. The property is located at 4321 to 4327 Elm Ave, north of San Antonio Dr an...
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• Gelt Closes $500k/Unit Res Buy in the San Fernando Valley
9/30/22
L.A.-based Gelt Inc has acquired Avalon Studio 4121, a 149-unit, value-add apartment property in the southeast San Fernando Valley community of Studio City, for $76 mil ($510k/unit). The property, located at 4041-4121 Radford...
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