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• Colorado Res Community Acquired for $46.5 Mil by Security Properties and Oaktree Capital
12/26/17
A venture of Security Properties (SP) and funds managed by Oaktree Capital Management L.P. purchased The Lodge on 84th, a 300-unit, Class B multifamily property located in Federal Heights, CO, for $46.5 mil ($155k/unit). The ...
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• Vacant Santa Monica Apartment Building Sells for $375k/Unit
12/22/17
An LA-based private investor has acquired a fully vacant, 12-unit apartment property in Santa Monica for $4.5 mil ($375k/unit). The property, 34th Street Village Apartments, is located at located at 2441 34th St, within the c...
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• Bascom Buys in Boulder
12/21/17
The Bascom Group LLC has acquired Boulder View Apartments, a 68-unit, infill Class A apartment community located in Boulder, CO, for $19 mil ($279k/unit).
Built in 2014, Boulder View is located at 6655 Lookout Rd, just minut...
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• LivCor Spends $115 Mil on 674 Res Units in Las Vegas
12/21/17
LivCor has purchased a two-property, 674-unit multifamily portfolio in Las Vegas for $115 mil ($170.6k/unit). The assets, which include Broadstone Talavera and Broadstone Flamingo West, were sold by a partnership between AEW ...
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• Value-Add Apartment Building in the San Fernando Valley Pulls in $223k/Unit
12/20/17
In a recent multifamily investment buy, Los Altos based Interstate Equities Corporation purchased a 45-unit, non-rent controlled, value-add apartment building in Van Nuys for $10.025 mil, or $223k/unit. The property is locate...
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• Investor Spends $5.7 Mil on Two West Hollywood Apartment Properties
12/19/17
Two fully occupied apartment properties in prime West Hollywood traded hands between the same buyer and seller in separate deals totaling $5.68 mil ($334k/unit). The properties include the Sweetzer Apartments, a nine-unit apa...
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• Upscale Santa Monica Res Property Financed with $31.5 Mil Freddie Mac Loan
12/19/17
Kort & Scott Financial Group has secured $31.5 mil in financing for Chelsea Santa Monica, a luxury residential and retail property one block from the beach in Santa Monica. The 53-unit asset is located at 1318 2nd St, north o...
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• CA Res Portfolio Lands $156.5 Mil in Fannie Mae Money
12/18/17
Realty Center Management recently obtained $156.56 mil in Fannie Mae financing for a portfolio of four multifamily properties throughout California. Branden McBirney, Garrett LaBar and Vickie Wible with Berkadia arranged the ...
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• Kennedy Wilson Closes on Purchase of 179-Unit Apartment Asset in Portland
12/15/17
Kennedy Wilson has acquired Savier Street Flats, a wholly-owned 179-unit apartment community in Portland’s Northwest neighborhood, for $60 mil, or $335k/unit. KW invested $27 mil of equity, and assumed an eight-year loan of $...
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• Security Properties and Cigna Investment Management Team Up in $81 Mil OR Multifamily Buy
12/14/17
Security Properties and Cigna Investment Management purchased Arbor Heights, a 348-unit, Class A multifamily property located in Tigard, OR, for $81 mil, or $233k/unit. This is Security Properties' fourth joint venture with C...
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• Hometown America Secures Santee Manufactured Home Community with $8.6 Mil in Financing
12/13/17
Hometown America has obtained $8.6 mil in financing for Mission Gorge Villa, a 140-home site, Class A manufactured home community for seniors (age 55+) in the San Diego County community of Santee. The property is situated on ...
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• MIG Real Estate Closes 176-Unit Res Buy in Phoenix
12/13/17
MIG Real Estate purchased Bayside Apartments, a 176-unit rental property located in Phoenix. Bayside Apartments will undergo significant enhancements as MIG creates a more attractive housing option in a burgeoning area where ...
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• Work to Start on Upscale Mixed-User in the Western San Fernando Valley
12/13/17
California Home Builders has secured $60 mil in financing for the ground-up construction of The Q East, a mixed-use development in the western San Fernando Valley community of Woodland Hills. The property, located at 6219 De ...
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• Santa Clarita Mixed-Use Project Gets Underway with $20 Mil Construction Loan
12/12/17
Serrano Development Group has started work on Newhall Crossings, a mixed-use project with 47 apartment units and 20.2k sf of retail space in Santa Clarita. The project will anchor a significant redevelopment in historic Old T...
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• Investors Trade Phoenix Apartment Property in $8.5 Mil Transaction
12/12/17
Arcadia Gardens, a 76-unit multifamily property in Phoenix, has sold for $8.475 mil ($111.5k/unit). The property, located at 3101 North 32nd St, was acquired by RP 3101 LLC, an entity formed by Rincon Partners LLC of Phoenix....
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• Security Properties Acquires 256 Res Units in Henderson, NV
12/12/17
Security Properties purchased Martinique Bay, a 256-unit multifamily property located in Henderson, NV for $42.75 mil, or $167k/unit. With this deal, Security Pacific owns six assets totaling nearly 1,800 units in the Las Veg...
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• Inland Empire Apartment Property Sells in $4.8 Mil Deal
12/11/17
Infinitus Investments Groups LLC purchased a 62-unit multifamily property in San Bernardino for $4.8 mil, or $77.4k/unit. The property, located at 1420 East Pumalo St, was sold by Pumalo Properties L.P.
The complex offers a...
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• Oakland Apartment Property Sells for $279k/Unit
12/08/17
In a recent multifamily comp from the East Bay, a 24-unit property in the Ivy Hill neighborhood of Oakland sold for $6.7 mil, or $279k/unit. The property is located at 1829 6th Ave, a few blocks east of Lake Merritt roughly m...
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• AZ Apartment Property Gets a New Owner after $34 Mil Transaction
12/08/17
Mission Springs, a 306-unit apartment community in Tempe, AZ, has traded in a recent $33.8 mil ($110.5k/unit) deal. The property, located at 1311 W. Baseline Rd, was purchased by 29th Street Management II LLC.
Built in 198...
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• Trion Properties Closes Its Third Res Buy in the Beaverton, OR Market
12/07/17
Trion Properties has acquired Hallwood Apartments, a 76-unit apartment community in the Portland, OR submarket of Beaverton, for $12.25 mil ($161k/unit). The acquisition comes on the heels of the firm’s acquisition of Bel Air...
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