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• 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...
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• 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, ...
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• 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...
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• 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...
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• 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 ...
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• 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...
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• 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...
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• 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...
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• 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...
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• 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...
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• City of Orange Approves Latest Developments at Chapman University
1/04/18
Chapman University’s latest development project has been approved by the City of Orange. The project includes a new 402-bed student apartment building for upperclassmen alongside the adaptive reuse of one of the most valuable...
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• Seattle Res Project to Move Forward with $76 Mil in Construction Financing
1/04/18
Mt. Baker Station Associates LLC has obtained $76 mil in combined construction financing for the development of Stazione 25 (aka Mt. Baker Station). The project consists of two urban multifamily apartment buildings; the North...
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• 11-Unit Lakeside Apartment Property Sells for Over $3 Mil
1/03/18
An 11-unit apartment complex in Lakeside, CA sold for $3.125 mil, or $284k/unit. The 11.4k sf property sits on a 20.6k sf lot at 9737 Riverview Ave, just off the 67 Fwy, about 22 miles northeast of downtown San Diego.
The ap...
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• Security Properties Buys 141-Unit Res Asset in Spokane Valley, WA
12/29/17
Security Properties purchased Eagle Pointe, a 141-unit affordable multifamily property in Spokane Valley, WA for $12.85 mil, or about $91k/unit.
Eagle Pointe is a garden-style community comprised of family units that are inc...
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• Developer Buys 10 Acres in Goodyear, AZ for Res Project
12/28/17
A 10.42-acre development site in Goodyear, AZ has sold for $2.2 mil. The site, located north of the northwest corner of 145th Ave and McDowell Rd, was purchased by NextGen Apartments – Goodyear 145 LLC, of Scottsdale, AZ.
Th...
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• MG Properties Closes 2017 with $117 Mil Res Buy in Vista
12/28/17
San Diego-based MG Properties Group paid $117.5 mil for Waterleaf Apartments, a 456-unit ($257.7k/unit), garden-style multifamily property in Vista. The property, located at 333 N. Emerald Dr, was sold by a venture of New Yor...
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• Gilbert, AZ Apartment Community Sells in $18.5 Mil Deal
12/27/17
The Vintage, a 107-unit, Class A apartment property in Gilbert, AZ, traded hands for $18.55 mil ($173.4k/unit). The property is located at 1303 West Juniper Ave, west of Hwy 87 and south of Hwy 60.
The Vintage is a two-story...
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• San Jose Multifamily Asset Refinanced with $200 Mil Loan
12/26/17
The Woods, a 1,841-unit landmark multifamily property in San Jose, was refinanced with a new loan of $200 mil.
Located at 4300 The Woods Drive, the property offers studio, one-, two- and three-bedroom floor plans. Within Th...
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• AZ Res Community Sells in $56 Mil End of Year Transaction
12/26/17
Pinnacle Terrace, a 300-unit multifamily asset in Chandler, AZ, traded hands for $56 mil, or about $186.7k per unit. The property was purchased by an institutional investment manager.
Developed by Trammell Crow Residential a...
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• Burbank Res Asset Goes for $400k/Unit
12/26/17
In a year-end, LA-area multifamily acquisition, Essex Property Trust Inc purchased The Village at Toluca Lake, a 146-unit res property in Burbank, for $59 mil ($404k/unit). The two-building, non-rent controlled complex, locat...
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