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• 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...
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• 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...
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• 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...
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• 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...
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• 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...
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• 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...
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• 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...
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• 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...
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• 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...
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• 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 ...
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• 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...
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• 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...
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• 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....
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• 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 ...
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• 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...
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• The Bascom Group and Oaktree Capital Management Team Up for 290-Unit AZ Res Buy
10/07/16
Springs at Silverbell Apartments, a 290-unit luxury community located in Tucson, AZ, was acquired by The Bascom Group LLC and funds managed by Oaktree Capital Management L.P. through a $250 mil venture between the two.
Basc...
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• Gelt Boosts CO Portfolio with 400-Unit Acquisition
10/05/16
Gelt Inc has acquired Westhills, a 400-unit residential community in Colorado, for $66 mil ($165k/unit). The property is located at 453 Van Gordon St in Lakewood, a submarket of Denver.
Westhills is a garden-style apartment...
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• Adjacent Apartment Properties in Berkeley Sell for $355k/Unit
10/05/16
In Berkeley, two connected parcels containing apartment buildings with a combined 12 units, sold for a total of $4.26 mil. The deal works out to $355k/unit and $470/sf.
The Mediterranean-style buildings contain all one-bedro...
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• Steadfast Apartment REIT Closes Its 8th Texas Buy
10/05/16
Steadfast Apartment REIT recently acquired its eighth Texas property: Lake Ray Hubbard, a garden-style apartment community with 334 apartment homes in Rockwall, a submarket located 25 miles northeast of Dallas. The price was ...
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• Weidner Apartment Homes Picks 118-Unit Asset in Phoenix
9/30/16
The first urban apartment project to be constructed and traded in downtown Phoenix's post-recession real estate upswing has sold this week in a $21.8 mil transaction. The property, Proxy 33, is a 118-unit complex that was acq...
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