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• Continental Partners Arranges $38.5 Mil on San Leandro Res Community
5/04/17
Continental Partners arranged $38.5 mil in financing on Bel Brook and Hideaway Apartments, a 146-unit multifamily property in the San Leandro submarket of the East Bay. The financing consists of a $31 mil bridge loan, as well...
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• Pathfinder Partners to Start Work on San Diego Area Res Development
5/04/17
Pathfinder Partners will break ground in one week on Paseo Village Townhomes, a 31-unit, residential community in downtown Ramona. Pathfinder acquired the 2.5-acre parcel – complete with approved architectural plans – in late...
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• Silver Lake Apartment Property Sells for Over $300k/Unit
5/03/17
A 31-unit, 1920s vintage apartment community at the western edge of LA’s Silver Lake area sold for $9.65 mil, or about $311k/unit. The property, located at 831 Sanborn Ave, south of Santa Monica Blvd on the east side of Hoove...
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• TruAmerica Multifamily and Magnolia Real Estate Fund Pay $53 Mil for CO Res Property
5/02/17
TruAmerica Multifamily and Magnolia Real Estate Fund have acquired Fox Creek, a 287-unit apartment community in Thornton, CO, in an off-market transaction valued at $53 mil ($184.7k/unit). Fox Creek is the sixth multifamily ...
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• California Landmark Group Buys 186-Unit Res Asset in Westminster
5/02/17
California Landmark Group (CLG) has acquired The Windmill Apartments, a 186-unit multifamily property in Westminster. The entire property is encumbered by a ground lease with approximately 29 years remaining on the term, with...
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• West L.A. Apartment Property Sells for $330k/Unit
5/01/17
A 20-unit multifamily complex in West Los Angeles was acquired by a local real estate investor for $6.6 mil, or $330k/unit. The transaction closed at a 2.69% cap rate and a 19.70 gross rent multiplier.
The property, located...
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• Universe Holdings Obtains New Financing of $23.4 Mil on 148-Unit Northridge Apartment Complex
5/01/17
Universe Holdings has secured $23.4 mil in new financing for The Lodge at Porter Ranch, a 148-unit apartment community in the San Fernando Valley community of Northridge. The company plans to use the refinancing to complete a...
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• Arrimus Capital Acquires 465-Bed Student Housing Property in Texas
5/01/17
Newport Beach-based Arrimus Capital has acquired Campus Vue, a 465-bed, Class A student housing property adjacent to the University of Houston in Houston, TX. It was sold by Fountain Residential Properties. A price was not di...
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• The Bascom Group Spends $14 Mil on Torrance Multifamily Property
4/28/17
The Bascom Group has acquired Harvard Villa Apartments, a 64-unit, infill apartment community in the LA South Bay city of Torrance, for $14 mil ($219k/unit). Bascom views Harvard Villa as a strong value-add opportunity, and p...
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• Cornerstone Senior Living Spends $12.5 Mil on TX Assisted Living and Memory Care Facility
4/28/17
Cornerstone Senior Living purchased Three Forks of Forney, a Class A assisted living and memory care community in Forney, TX, for $12.5 mil. The 60-unit, 72-bed facility was sold by Healthcap Partners.
Three Forks of Forney ...
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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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