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• Capital One Originates $77 Mil in Fannie Mae Loans on Three Properties for Kort & Scott Financial Group
4/27/17
Kort & Scott Financial Group has obtained $76.7 mil in Fannie Mae loans for a trio of California residential properties. The loans, provided by Capital One, enabled Kort & Scott to refinance a manufactured housing community i...
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• Tuscon Multifamily Property Trades for $91k/Unit
4/26/17
Casa Madera, an 80-unit res property in Tucson, AZ, sold for $7.3 mil, or $91.3k/unit. The property is located at 7374 North Mona Lisa Rd, north of Ina Rd and east of I-10.
Built in 1995, the property offers a mix of one-, t...
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• Community Preservation Partners Pays $11 Mil for Indio Affordable Housing Property
4/25/17
OC-based Community Preservation Partners is purchasing Desert Oasis Apartments, a 90-unit affordable housing development in Indio, in an $11 mil transaction.
The property is located at 46211 Jackson St, south of I-10 near H...
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• Draftsmen & Craftsmen
4/25/17
Lifescapes International completed the landscape design for Trumark Urban’s TEN50, the new, luxury 25-story high-rise featuring 151 luxury residences in the heart of downtown Los Angeles. Located at 1050 S. Grand Ave in Downt...
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• Vista Res Property Trades for $149k/Unit
4/25/17
Las Palmas apartments, a 140-unit multifamily property in Vista, sold for $20.9 mil, or $149k/unit. The asset is located at 300 W. Los Angeles Dr, west of Santa Fe Ave and north of Hwy 78.
The community is located in the hea...
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• Work Completed on 347-Unit Res Project in Los Angeles’ South Park District
4/25/17
G12, a 347-unit res project located at 1200 S. Grand Ave in downtown Los Angeles’ South Park district, has just been completed. The seven-story, 456k sf development also includes 19k sf of ground-floor retail space.
The proj...
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• Exchange Investor Pays $200k/Unit for Whittier Multifamily Property
4/25/17
A Long Beach-based 1031 exchange investor paid $14.4 mil for Sandpiper Apartments, a 71-unit apartment community in Whittier. The transaction closed at a price of $202.8k/unit and a cap rate of 4.84%.
Built in 1965, the pro...
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• New 140-Unit Project Announced for LA’s Arts District
4/21/17
A new mixed-use project is in the works for Downtown LA’s Arts District. The project, called 641, is being developed by local businessman Adam Lindemann and will be designed by Johnson Fain. It is located at the corner of Imp...
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• The Wolff Company Lands $55 Mil Loan on Recently Built CO Res Complex
4/21/17
Walker & Dunlop Inc originated a $55.4 mil interim loan on behalf of The Wolff Company for 8000 Uptown Apartments, a recently constructed Class A multifamily complex in Broomfield, CO. The transaction was funded through Walke...
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• 1,500-Unit Res Portfolio Refinanced with $363 Mil Loan
4/20/17
CBRE Capital Markets’ Debt & Structured Finance team has arranged $363.7 mil in refi money lion for The Modera Portfolio, a 1,529-unit portfolio comprised of six newly constructed multifamily properties located in California,...
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• Residential Townhome Project in Tempe, AZ to Get Underway with $8.6 Mil in Construction Money
4/18/17
Buchanan Street Partners closed an $8.6 mil loan for construction of The Roosevelt, a 32-unit residential townhome development in Tempe, AZ. The project, located at 225 South Roosevelt St in Tempe, will be developed by a join...
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• San Fernando Valley Apartment Property Goes for $316k/Unit
4/17/17
A 14-unit luxury apartment property in the San Fernando Valley community of Reseda sold for $4.43 mil, or $316.4k/unit. The deal closed at a 4.3% cap rate.
Built in 2013, the three-story property is located at 7122 Amigo Ave...
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• Second Phase of $73 Mil Rehabilitation Started at Indio Res Property
4/12/17
Community Preservation Partners (CPP) has launched the second phase of its $73 mil rehabilitation project at the 268-unit Summer Field Apartments in Indio, following the purchase of the property in November 2015.
This phase...
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• Chico Apartment Portfolio Trades in $51.7 Mil Deal
4/11/17
A portfolio of six apartment properties totaling 410 units in Chico, CA traded hands in a recent $51.7 mil transaction ($126k/unit). The buyer utilized $38.9 mil in Fannie Mae financing to purchase the properties, which are a...
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• Trion Properties Teams with NY-Based DVO Real Estate in $36 Mil Value-Add Res Buy in the East Bay
4/10/17
Trion Properties and joint-venture partner DVO Real Estate, out of New York, teamed up in the recent $36.6 mil acquisition of Bel Brook and Hideaway Apartments, a 146-unit ($251k/unit), value-add multifamily property in the E...
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• Next Phase at West Dallas Development to Consist of 324-Unit Res Project
4/07/17
Stonelake Capital Partners has announced the latest development plans for Trinity Green, a $250 mil, 25-acre, urban residential district located along Singleton Ave in West Dallas. At full build-out, Trinity Green will includ...
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• Private Investors Close Two Ontario Apartment Buys Totaling $6.6 Mil
4/07/17
Two apartment properties in the Inland Empire city of Ontario were acquired by private investors in separate deals totaling $6.58 mil. The properties total 41 units.
In one of the transactions, Elderberry Ontario LLC acquire...
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• Res Development Site in Downtown Phoenix Fetches $6.6 Mil
4/05/17
Clark Street Holdings LLC paid $6.62 mil for just over 1.3 acres of development land in the heart of downtown Phoenix. The buyer plans to use the land for a yet-to-be-named residential high-rise development project.
Located ...
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• Meta Housing Corp’s Latest Development Adds 40 Units of Affordable Housing to East Hollywood
4/05/17
Meta Housing Corporation has completed work on 5400 Hollywood Family Apartments, a 40-unit, mixed-use affordable apartment community in the heart of East Hollywood. The five-story apartment community, developed at a cost of ...
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• Investor Utilizes $62 Mil in Fannie Mae Money for the Purchase of Two Multifamily Properties and the Refi of a Third Asset, All in Texas
4/05/17
Hunt Mortgage Group recently provided three Fannie Mae loans totaling $62.6 mil to the same borrower for the acquisition of two multifamily properties and the refi of a third property, all in Texas. The acquisitions are locat...
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