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• Kennedy Wilson Spends $61 Mil on Santa Clarita Res Community
9/13/16
Kennedy Wilson has purchased The Townhomes at Lost Canyon, a 157-unit, Class A apartment community in Santa Clarita, in a $61 mil ($388.5k/unit) transaction. The property was built in 2013, and consists of 157 apartments situ...
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• Moreno Valley Multifamily Community Sells for Almost $100 Mil
9/12/16
Weidner Apartment Homes has purchased Stonegate at Towngate, a 552-unit apartment complex in Moreno Valley, for $98.55 mil ($178k/unit) in a deal we’re told represents one of the highest prices for a single asset market rate ...
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• Work Started on Two Affordable Housing Projects in Irvine
9/12/16
Two new residential rental communities have been started in Irvine by a venture between FivePoint, Related California, Riverside Charitable Corporation and ETHIC Housing (El Toro Housing Initiative Collaboration). FivePoint i...
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• California State University Monterey Bay Entity Buys 579-Bed Student Housing Development
9/08/16
The University Corporation at Monterey Bay, an auxiliary Corporation of California State University Monterey Bay, has acquired The Promontory, a 579-bed student housing development adjacent to its campus, in a $68.5 mil ($118...
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• Six-Unit Santa Monica Apartment Property Sells for $2 Mil
9/07/16
Pasadena-based Downstream Exchange Company paid $2 mil for a fully occupied six-unit apartment property in Santa Monica. The property, located at 1937 17th St, was sold by a private investor from Los Angeles.
Built in 1948 a...
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• Vista Investment Group Buys 276-Unit Res Property in LA’s Baldwin Hills Area
9/07/16
Vista Investment Group LLC has obtained $30.8 mil in financing for the purchase of Woodlake Manor, a 276-unit apartment property in Los Angeles’ Baldwin Hills neighborhood. The property, located at 4555 West Martin Luther Kin...
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• TruAmerica Boosts Its Vegas Area Portfolio with Purchase of Three Properties Totaling 802 Units
9/06/16
TruAmerica Multifamily, in a venture with MSD Capital L.P., has closed on its third investment in Southern Nevada with the acquisition of three Las Vegas garden-style multifamily communities in an off-market transaction. The...
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• Walker & Dunlop Arranges $28.5 Mil Fannie Mae Refi Loan on 432-Unit Res Property in Mesa, AZ
9/06/16
Walker & Dunlop Inc structured a $28.55 mil Fannie Mae Moderate Rehab loan for Whispering Meadows, a 432-unit, garden-style apartment complex in Mesa, AZ. The financing utilizes the Fannie Mae Green Rewards program.
The...
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• Universe Holdings Spends $16.7 Mil on South Bay Multifamily Portfolio
9/06/16
Universe Holdings recently acquired three LA-area multifamily properties totaling 77 units for $16.67 mil, or around $216k/unit. Universe plans to invest $2.5 mil in improvements to the properties, located in the South Bay. T...
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• Advanced Real Estate Services Completes $100 Mil OC Res Buy
9/02/16
In one of the largest SoCal multifamily acquisitions so far this year, Advanced Real Estate Services Inc (ARES) has purchased Camden Parkside Apartments, a 421-unit residential community in Fullerton. The asset was sold by Ca...
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• Berkeley Property Acquired as Redevelopment Opportunity
9/02/16
In development news out of the East Bay, Anchor Valley Partners acquired a 28k sf, five-unit retail property and potential re-development site in Berkeley for $6 mil. The site is located at 2565-2589 Telegraph Ave, just five ...
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• La Habra Res Property Bought by Schroeder Investment Partners
9/01/16
Schroeder Investment Partners Inc has purchased Woodbine Apartments, a 26-unit residential asset in La Habra, for $5.72 mil, or $220k/unit. The deal drew seven competitive bids from a variety of SoCal investors and ended up s...
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• Investor Pays Over $27 Mil for Sacramento-Area Multifamily Complex
9/01/16
Gold Ridge Apartments, a 268-unit, Class B apartment community located in the Rancho Cordova submarket of Sacramento, was acquired for $27.4 mil ($102k/unit) by a private investor in a 1031 exchange. It was sold by Oakmont Pr...
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• CPP Acquires 68-Unit Portland Asset in Firm’s First Oregon Deal
8/31/16
Community Preservation Partners (CPP) has closed on a $16.5 mil deal to acquire Plaza Townhomes, a 68-unit townhome complex in Portland, OR. The asset was purchased for $6.7 mil from Home Forward, the housing authority servin...
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• Riverside Res Complex Fetches $262k/Unit
8/31/16
Tuscan Townhomes, a luxury, 63-unit, townhome project in Riverside, was acquired by a private investment entity in a recent $16.5 mil ($262k/unit) purchase. The property, located at 11511 Magnolia Ave, west of LaSierra Ave an...
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• BLT Enterprises to Start Work on 282-Unit First Phase of Napa Res Project
8/29/16
BLT Enterprises plans to begin work on Phase I of Vista Tulocay, a 500-unit multifamily project in Napa. Phase I, which was recently approved by the Napa City Council, will include 282 apartment units on approximately 12.5 ac...
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• The Bascom Group Buys 260-Unit Dallas Area Res Property
8/29/16
The Bascom Group LLC recently purchased a 260-unit multifamily community located in the desirable North Dallas city of McKinney, TX. The price was not disclosed.
Built in 1997, the property consists of 24 two-story residenti...
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• WA Res Development Gets $30 Mil in Construction Financing
8/29/16
Cascadia Development Partners has obtained $29.5 mil in construction financing for development of Uptown Apartments, a 167-unit residential project in Vancouver, WA. Uptown Apartments will include studios, one-bedroom and two...
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• Acquisition of 349-Unit OC Apartment Complex Financed with $75 Mil Loan
8/26/16
Meridian Capital Group has arranged $74.7 mil in acquisition and recapitalization financing for the purchase of Adagio at South Coast, a 349-unit multifamily property in Santa Ana. The buyer was Decron Properties, as reported...
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• New Res Project in LA’s Silver Lake Area Refinanced with $15 Mil Loan
8/26/16
HFF has arranged $15 mil in financing for HoM @ West Temple, a 67-unit, Class A apartment community in Los Angeles’ Silver Lake submarket. The borrower, Sharp Capital, completed the property in February 2016 and will use the ...
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