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• San Bernardino Apartment Property Trades for $84k/Unit
8/09/17
Eureka Manor, a 64-unit apartment property located in San Bernardino, sold for $5.4 mil, or $84k/unit. The property is located at 1525 East Eureka St, north of the 210 Fwy and east of Waterman Ave.
Eureka Manor was built in ...
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• TruAmerica and Allstate Close $90 Mil Multifamily Buy in Escondido
8/08/17
In a joint venture with Allstate, TruAmerica Multifamily has made its biggest investment in San Diego County with the acquisition of Eagles Point Apartment Community, a 519-unit property in Escondido, for $90 mil ($173.4k/uni...
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• Affirmed Housing Group Buys Vacant Development Site in Oakland
8/08/17
Affirmed Housing Group Inc purchased a vacant land development site entitled for a 43-unit mixed-use project in Oakland for $3.49 mil. The City of Oakland has approved 41 residential units and two commercial units at the 12.1...
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• Portland Res Development Lands $39 Mil in Construction Funding
8/07/17
Harbor Sky LLC has obtained a $39.5 mil construction loan for the development of Harbor Sky, a 266-unit multifamily project in Portland, OR. Located at 1055 N. Anchor Way, the development will consist of a six-story building ...
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• Innovative San Francisco Multifamily Developers Discuss the Market at RENTV's July 20 Conference
8/07/17
On July 20th, RENTV held its Downtown San Francisco State of the Market Conference, in conjunction with CoStar, and one of the hot topics of the day was multifamily development. The event, held at CoStar's spectacular auditor...
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• Kort and Scott Financial Secure $25.6 Mil in Fannie Mae Money on Van Nuys Multifamily Asset
8/04/17
Kort and Scott Financial Group has obtained $25.6 mil in Fannie Mae financing on Woodley Apartments, a 126-unit apartment community in the central San Fernando Valley community of Van Nuys that they purchased for $43 mil ($34...
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• Vegas Area Multifamily Community Traded in $76 Mil Deal
8/04/17
Farnam Realty Inc bought Veritas Apartments, a 430-unit, Class A multifamily building in the Las Vegas suburb of Henderson, NV. According to tax records, the property traded for $76.5 mil, or about $178k/unit.
Veritas Apart...
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• OC Multifamily Property Purchased for $6.75 Mil by Exchange Investor
8/03/17
Restoration Enhancement in Metropolitan Communities has acquired Williams Senior Apartments, a 28-unit multifamily property in the city of Brea, for $6.75 mil, or $241k/unit.
Williams Senior Apartments, located at 212 South...
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• James Investment Partners Spends $21 Mil on Multifamily Property in the East Bay
8/02/17
Encino-based James Investment Partners paid $21.1 mil for The Terraces, a 72-unit ($293k/unit), condominium-quality development in the East Bay community of El Sobrante. The asset was sold by an affiliate of Abacus Capital Gr...
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• Friedman Capital Buys Architecturally Significant Apartment Property in West Hollywood
8/02/17
Friedman Capital has secured $4.5 mil in bridge financing for the acquisition and condominium conversion of Patio del Moro, a seven-unit, courtyard-style apartment community in West Hollywood. The property is located at 8225-...
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• San Diego Investor Pays $36 Mil for Tempe, AZ Res Community
8/01/17
A San Diego-based private investor acquired Ovation at Tempe, a 270-unit multifamily community in Tempe, AZ, for $36 mil, or about $133k/unit. The asset was sold by a joint venture between Passco Companies LLC and InSite Prop...
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• Sacramento-Area Res Property Refinanced with $47 Mil Fannie Mae Loan
8/01/17
Wasatch Group has obtained a $47.2 mil Fannie Mae fixed-rate loan to refinance Chesapeake Commons, a 600-unit apartment community in Rancho Cordova, a city in the Sacramento Metropolitan Area. The financing, provided through ...
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• Investor Pays $132k/Unit for Multifamily Portfolio in Yucaipa and Calimesa, CA
8/01/17
KEBA Capital LLC paid $5.7 mil for a four -property multifamily portfolio located in Yucaipa and Calimesa, CA. The properties total 43 units ($132.5k/unit) with 32.5k sf of space.
The two properties in Yucaipa are located at...
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• KB Homes Buys Res Development Subdivision in Van Nuys
7/31/17
KB Homes recently picked up a 3.4-acre, 58 single-family home subdivision located in the central San Fernando Valley community of Van Nuys. The property is located at 14700 Sherman Way, between Van Nuys Blvd and Kester Ave.
...
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• Oceanside RV Park Refinanced with New Loan for $12 Mil
7/28/17
Pacific Current Partners has refinanced Oceanside RV Park, a 138-space coastal asset in the northern San Diego County beach community of Oceanside. The new interest-only, floating-rate loan for $12 mil was arranged by HFF and...
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• Trinsic Residential Group Buys 3.88-Acre Res Dev Site in Tempe
7/28/17
Dallas-based Trinsic Residential Group purchased 3.88 acres at The Watermark | Tempe from Fenix Development for $14.7 mil.
Trinsic will use the site for development of Aura at Watermark, a high-rise apartment tower that wil...
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• Avanath Capital Management Buys Acquires CO Affordable Housing Community
7/27/17
Avanath Capital Management LLC recently acquired Depot Square, a 71-unit affordable housing community in Boulder, CO, for $13.6 mil ($191.5k/unit). This is the firm’s first acquisition in Colorado.
Depot Square is a Class A,...
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• CVG Properties Inc Buys 70-Unit Apartment Property in Santee
7/27/17
CVG Properties Inc paid $13 mil for Carlton Heights Villas, a 70-unit ($185.7k/unit) multifamily complex in Santee.
The property, located at 9705 Carlton Hills Blvd, north of Hwy 52, was 96% occupied at the time of sale.
B...
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• San Diego Apartment Property Trades for $277k/Unit
7/26/17
Vue at Lake Murray, a 65-unit multifamily community in San Diego, sold for $18 mil ($277k/unit) in a recent investment buy. The property is located at 6867 Golfcrest Dr, north of I-8 and west of Hwy 125.
The property has res...
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• Walker & Dunlop Arranges $34 Mil in Freddie Mac Funding for Roseville Apartment Project
7/26/17
Walker & Dunlop Inc provided a $33.8 mil commitment under the Freddie Mac Tax Exempt Loan (TEL) Unfunded Forward Program for the permanent financing of Campus Oaks Phase I, an affordable, garden-style apartment community in R...
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