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February 21, 2024
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MULTIFAMILY NEWS
Archive
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• Washington Multifamily Project Lands $60 Mil Refi
8/25/22
The Park in Bellevue, a 184-unit multifamily project in Bellevue, WA, was refinanced by affiliates of Low Tide Properties and Continental Properties LLC with a new loan for $60 mil. Dave Karson, Alex Hernandez, Chris Moyer, A...
more » 

• Downtown Seattle Development Parcel Trades for $17.5 Mil
8/25/22
A 0.61-acre site in downtown Seattle’s Belltown neighborhood was acquired by an unnamed buyer for $17.5 mil. The 26.6k sf parcel, located at 2700 1st Ave, is zoned for residential development up to 267 units. The zoning allo...
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• Norpoint Communities Refinances Four Age-Restricted Res Properties in the Puget Sound Region
8/24/22
Norpoint Communities has landed $71.45 mil in separate permanent financings to refinance four 55-Plus age-restricted, active adult multifamily properties in the Puget Sound region. The financing was arranged by Gantry. The p...
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• Sares Regis Group Closes on 386-Unit Multifamily Purchase in the Denver Area
8/24/22
Sares Regis Group has acquired Terracina Apartments, a 386-unit multifamily property in Broomfield, CO. The firm has obtained $139.9 mil in first mortgage money from Mesa West Capital for the acquisition and repositioning of ...
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• Three-Property Multifamily Portfolio in the San Gabriel Valley Gets a New Owner
8/23/22
A three-property, 116-unit multifamily portfolio in Azusa sold for $33.6 mil, or $290k/unit. All of the properties are located in a prime and fast-growing area close to downtown Asuza and Asuza Pacific University. Each comp...
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• Multifamily Community in Surprise, AZ Sells for $85 Mil
8/23/22
Villas at Mountain Vista Ranch, a 256-unit, value-add multifamily community in the Phoenix suburb of Surprise, was sold in a deal worth $85 mil, or $332k/unit. Built in 2003, Villas at Mountain Vista Ranch is a garden-style...
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• Avanath Capital Management Closes $220 Mil L.A. Apartment Buy
8/22/22
Irvine-based Avanath Capital Management closed on a large L.A.-area multifamily acquisition, paying $220 mil for the Baldwin Village apartments, commonly known as Santa Rosalia and Santo Tomas. At 669 units, we’re told that t...
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• Interstate Equities Corporation Buys 164-Unit Multifamily Property in Oxnard
8/22/22
Interstate Equities Corporation has purchased The Vines at Riverpark, a 164-unit, two-story, attached townhome community in Oxnard. Located at 3040 North Oxnard Blvd, the property is part of Riverpark, a new, 700-acre, master...
more » 

• Rockworth Companies and the Gasser Family to Start Construction on 336-Unit Multifamily Project in Meridien, ID
8/19/22
Construction of Village Apartments, a Class A, 336-unit apartment development in Meridien, ID, is expected to begin in the coming months with completion anticipated for fall 2024. The project, a development of a joint venture...
more » 

• Portland Res Community Lands $75 Mil Refi
8/17/22
Heirloom, a 286-unit, Class A garden-style multifamily community located at 7900 SE Luther Rd in Portland, has been refinanced with a new senior loan provided by PCCP LLC for $75.5 mil. Developed by NBP Capital, the newly del...
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• Greystar Completes Trio of Housing Projects in Seattle
8/16/22
Greystar has completed three urban rental residences totaling 838 units centrally located in the city of Seattle. The projects first began construction between 2019 and 2020, striving to ease the local market’s housing demand...
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• Silver Star Real Estate Buys 304 Res Units in the Inland Empire
8/16/22
Silver Star Real Estate, a privately owned real estate company based in La Palma, has acquired Metro 3610, a 304-unit, value-add multifamily community in Riverside. Built in 1984, Metro 3610 sits on 15.2 acres at 3610 Banbury...
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• Langdon Park Capital Spends $48.6 Mil on San Gabriel Valley Multifamily Community
8/15/22
Atrium at West Covina, a 138-unit multifamily community in the central San Gabriel Valley, was purchased by Langdon Park Capital in a $48.6 mil ($352k/unit) transaction. This buy represents Langdon Park’s third Los Angeles ac...
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• Development Site in the Denver Tech Center Submarket Goes for $23 Mil
8/15/22
A 6.31-acre site in the heart of the Denver Tech Center submarket traded hands for $23 mil. The land, which was sold by a joint venture between EverWest and Independencia Asset Management, will be used for the planned develop...
more » 

• MG Properties Group Buys Two Sacramento Multifamily Properties
8/15/22
MG Properties Group is further expanding its Sacramento presence with the acquisition of Eleanor and H16 Midtown Apartments, two multifamily communities totaling 190 units. The price was not given out. The two newly combined...
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• New 217-Unit TX Apartment Complex Purchased by The Jacobson Company
8/12/22
In an off-market deal, The Jacobson Company purchased Atlantica at Burleson, a new, 217-unit Class A multifamily community in the Fort Worth, TX submarket of Burleson. The property is located at located at 285 SE John Jones D...
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• Archway Buys Res Complex in the Dallas Area
8/12/22
Archway Equities acquired Toscana Apartments, a 192-unit multifamily property in Carrolton, TX, one of the fastest growing suburbs in Dallas. The property was sold by HLC Equity. The purchase represents Archway’s second ap...
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• Champion Real Estate Company Pays $12.7 Mil for Former Fraternity House Near San Diego State University
8/11/22
Champion Real Estate Company has acquired a former fraternity house adjacent to San Diego State University for $12.7 mil. The property, located at 5505-25 Lindo Paseo, will be rebranded as Victory at SDSU. This purchase is ...
more » 

• Phoenix Multifamily Property Sells for $36.5 Mil
8/11/22
Paradise Palms, a 130-unit, value-add multifamily community situated in the Biltmore/Uptown submarket of Phoenix, traded hands for $36.5 mil, or $281k/unit. The property was sold by Ogden Capital Partners LLC. Constructed in...
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• MIG Real Estate Buys 104-Unit WA Community for $53 Mil
8/11/22
MIG Real Estate LLC has purchased the 104-unit Cedar Rim Apartments in Newcastle, WA for $52.9 mil, or $509k/unit. MIG is planning to enhance the exterior and common areas of the property. Cedar Rim is located at 7920 110th ...
more » 



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