|
• Community Preservation Partners Agrees to Below-Market Lease with SolarCity for Solar Power Installation at Colton Property
10/24/16
Community Preservation Partners (CPP) has agreed to lease 2.2 unused acres at its Arbor Terrace Apartments affordable housing community in Colton to SolarCity at a below-market rate for the installation of a solar power syste...
|
• Newly Built Res Community in Redwood City Financed with $51 Mil Fannie Mae Loan
10/21/16
Acclaim Companies Inc has secured $51.1 mil in financing on Locale Apartments, a newly-built Class A+ rental community in Redwood City. Completed in 2016, the development offers 133 luxuriously-appointed units consisting of ...
|
• Latitude Real Estate Investors Closes 220-Unit Sacramento Apartment Buy
10/21/16
In a recent Sacramento multifamily buy, Latitude Real Estate Investors purchased Green Leaf Arbors, a 220-unit, Class B apartment community. The property was sold by Green Leaf Partners.
Located at 2501 Hurley Way, Green Lea...
|
• Sparks, NV Res Community Purchased for $14.25 Mil in Value-Add Play
10/21/16
A partnership between L5 Investments and Alamo Equities has acquired Marina Gardens Apartments, a 200-unit apartment community in Sparks, NV, for $14.25 mil ($71.3k/unit). The property is situated on 11.78 acres at 550 Howard...
|
• Seattle Res Property Acquired for $5.8 Mil as a Value-Add Opportunity
10/21/16
A partnership between L5 Investments and Seattle-based Shuler Architecture has acquired The Columbian Apartments, a 40-unit multifamily property in Seattle, for $5.82 mil ($145.5k/unit). The buyer is planning to add value to ...
|
• Griffis Residential Makes $145 Mil Multifamily Buy in Washington
10/20/16
Griffis Residential recently closed on a large multifamily buy in the state of Washington. The Denver-based firm paid $145 mil for Bridges at Northcreek Apartments, a 524-unit ($277k/unit), Class A community located at 20225...
|
• StarPoint Properties Buys 75-Unit Apartment Property in Claremont
10/20/16
StarPoint Properties has purchased Indian Hill Villas, a 75-unit multifamily property in Claremont, for $15.75 mil ($210k/unit) in an off-market transaction. Located at 510 S. Indian Hill Blvd, Indian Hill Villas is just a fe...
|
• Upscale Res Development Breaks Ground in Marina del Rey
10/19/16
California Landmark Group (CLG) has broken ground on D1, a $30 mil luxury apartment complex in Marina del Rey. The new multi-family development is located on a one-acre site at 4210 Del Rey Ave, within the Marina Arts Distric...
|
• WA Apartment Community Traded in $98 Mil Transaction
10/18/16
In an institutional-quality NoCal apartment buy, Acacia Capital Corporation has purchased Campbell Run, a 360-home multifamily community located in Woodinville, WA, for $98 mil ($272k/unit). The property was sold by Grosvenor...
|
• Security Properties and Pacific Life Insurance Company Acquire 347-Unit OR Res Asset
10/18/16
Security Properties and Pacific Life Insurance Company purchased One Jefferson Parkway, a 347-unit residential community in Lake Oswego, OR, for $78 mil ($225k/unit). The asset was sold by Jackson Square Properties.
Constru...
|
• MGA Investments Purchases 70-Year-Old Apartment Property in Santa Monica
10/17/16
A fully occupied 13-unit res property in Santa Monica sold for $3.2 mil, or $246k/unit. The property is located at 1313 Pico Blvd, east of Lincoln Blvd at 14th St.
Built in 1946, the commercially zoned, two-story property i...
|
• Trion Properties Nabs 61-Unit Value-Add Res Community in Oregon
10/17/16
Trion Properties has acquired Hidden Villas, a 61-unit, value-add apartment community in the Portland submarket of Beaverton, OR. The property, located at 14620 SW Farmington Rd, was purchased for $7 mil from a private family...
|
• 1,500-Unit CO Res Complex Changes Ownership in a Transaction that Values the Asset at $350 Mil
10/17/16
The Breakers Resort, a 1,523-unit res complex that ranks as one of the largest properties in the state of Colorado, underwent a change of ownership, as Pensam Residential and its partners, BH Equities LLC and Wafra Capital Pa...
|
• Pathfinder Closes Two Phoenix Area Res Buys Totaling $34 Mil
10/14/16
San Diego-based Pathfinder Partners recently acquired two Phoenix-area multifamily communities totaling 300 units. The transactions, which were with separate sellers, total $34 mil.
In the larger buy, Pathfinder paid $25.6 m...
|
• P.B. Bell Companies Secures $116 Mil in financing on Four AZ Res Properties
10/12/16
PB Bell Companies has obtained $116.4 mil in financing on four multifamily properties in Arizona. The properties were financed in two separate loans containing two properties per loan.
The first portfolio refinance consists ...
|
• Welltower Inc Acquires 2,590-Unit Senior Housing Portfolio for $1.15 Bil
10/12/16
Welltower Inc has purchased a 19-property senior housing portfolio for $1.15 bil, or approximately $445k/unit. The 2,590-unit portfolio includes a combination of assisted living, independent living and memory care units. Eigh...
|
• Trion Properties Collects Over $25 Mil from Sales of Two Sacramento Area Res Properties
10/10/16
Trion Properties has repositioned and sold two multifamily communities in Sacramento in deals worth a combined $25.5 mil. The two dispositions include Sierra Village, a 185-unit garden-style apartment community, and Regalia C...
|
• Berkeley Dev Site Snapped Up for Almost $3 Mil
10/10/16
A 9.1k sf vacant land development site in Berkeley has sold for $2.9 mil. The parcel, located at 3020 San Pablo Ave, one block south of Ashby Ave and a few blocks in from the Bay, is entitled for a 30-unit, mixed-use project....
|
• Shopoff Realty Investments Buys 624-Unit Res Asset in las Vegas
10/10/16
Shopoff Realty Investments has acquired Sky Pointe Landing Apartments, a 624-unit residential community in northwest Las Vegas, for $72.6 mil ($116.3k/unit). The company is considering the possibility of adding a co-investor ...
|
• Avanth Capital Management Spends $84 Mil on Over 350 Units of Workforce Housing on Both the West Coast and the East Coast
10/07/16
In national residential investment news, Avanath Capital Management purchased two workforce housing assets including The Lodge at Peasley Canyon, a 339-unit property in Seattle, WA, for a combined price of $84.8 mil. The othe...
|
Return to the Multifamily area
