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July 20, 2025
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MULTIFAMILY NEWS
Archive
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• Community Preservation Partners Picks Up Los Angeles Affordable Housing Property with Plans to Renovate and Upgrade the Asset
4/25/25
CPP (Community Preservation Partners) recently acquired Witmer Manor, a 238-unit affordable housing complex in Los Angeles, with plans to renovate the property. This comes on the heels of CPP’s recent acquisition of Ram...
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• Tower 16 Capital Partners and Raith Capital Partners Pay $48 Mil for 166-Unit AZ Build-to-Rent Asset
4/24/25
Tower 16 Capital Partners and Raith Capital Partners have acquired Sanctuary at South Mountain, a 166-unit horizontal Build-to-Rent (BTR) property located near South Mountain in Phoenix. The property, built in 2023, traded fo...
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• 65-Unit Lake Forest Senior Multifamily Development is Completed
4/22/25
The Meadows Senior Apartments in Lake Forest, a new, 65-unit affordable housing community for residents 62 years and older, just opened its doors to the public. Offering affordable units designed for seniors earning from 30% ...
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• San Francisco Apartment Tower Trades in $40 Mil Deal
4/21/25
A partnership between Presidio Bay Ventures and Artemis Real Estate Partners closed on the purchase of Olume Apartments, a 121-unit multifamily asset in just outside San Francisco’s Civic Center area. The 12-story property tr...
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• Christiansen Ventures Picks Up 280-Unit Res Community in Phoenix
4/18/25
Christiansen Ventures LLC acquired Broadstone Uptown PHX, a 280-unit luxury multifamily community in Phoenix, for $87 mil ($310.7k/unit). The seller was Alliance Residential Company. Completed by Alliance Residential in 2024...
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• Legacy Partners and DWS Group Start Work on Res Development in Torrance
4/18/25
Work is underway on Soto, a new 200-residence apartment development in Torrance. The project, located at 3863 Carson St, adjacent to Del Amo Fashion Center, is a development of Legacy Partners and DWS Group. The five-story c...
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• Scottsdale Res Community Trades for Over $500k per Unit
4/16/25
Soltra Kierland, a 202-unit multifamily community in North Scottsdale, AZ, traded hands in a $107.5 mil transaction. The deal works out to $532k/unit, which we’re told is the highest price per unit for a multifamily sale in M...
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• New 264-Unit Class A Multifamily Project in Longmont, CO Opens to the Public
4/14/25
Residences at Nova West, a 264-unit multifamily apartment community located in Longmont, CO, has finished construction and is now open to the public. The project, a development of Granite Capital Group (GCG) and Chartered Dev...
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• Bay Area Multifamily Portfolio Lands $170 Mil Refi Loan
4/14/25
Bay Meadows Apartment Collection, a portfolio of four luxury multifamily properties totaling 390 units in San Mateo, has been refinanced with a new first mortgage loan for $170 mil. The properties are owned by a partnership o...
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• The Roxborough Group and Camden Pacific Partners Close $81.6 Mil Bay Area Res Buy
4/10/25
Affiliates of The Roxborough Group LLC and Camden Pacific Partners LLC have purchased The Union Flats, a 243-unit, BART-adjacent apartment community in Union City, CA. The property traded for $81.6 mil, or $335.8k/unit. The ...
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•  Arizona Multifamily Community Trades in $96 Mil Deal
4/09/25
Bella Encanta, a 212-unit, luxury, build-to-rent (BTR) home community located in Mesa, AZ, was acquired by a global institutional investor for $95.75 mil ($452k/unit). The asset was sold by Bela Flor Communities. Completed i...
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• Pierce County Housing Authority Buys 56-Unit Multifamily Property in Tacoma, WA
4/08/25
The (PCHA) has acquired Hidden Firs, a 56-unit apartment community at 15008 A Street South in Tacoma, WA. The price was not given out. Situated just outside the Tacoma city limits, Hidden Firs is a low-density, tree-lined co...
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• Senior Living Communities in Los Angeles and Pennsylvania Refinanced in a $308 Mil Transaction
4/08/25
Two trophy senior living communities, one in the Los Angeles community of Woodland Hills and the other in Pennsylvania, have been refinanced through a new loan for $308 mil. Dubbed Project New Horizons, the refinancing was ar...
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• Essex Property Trust Completes Over $600 Mil in Multifamily Transactions So Far in 2025
4/07/25
Institutional multifamily owner Essex Property Trust has completed five California apartment trades totaling over $700 mil so far in 2025. The deals consist of three Northern California acquisitions for $345 mil and two South...
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• Dunbar Real Estate Investment Management Pays $398k/Unit for OC Multifamily Property
4/07/25
Dunbar Real Estate Investment Management has purchased, a 28-unit multifamily property in Orange County, for $11.15 mil ($398k/unit). Built in 2021, the asset was sold by La Terra Development, the original developer of the pr...
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• 200-Unit Affordable Housing Project in Marana, AZ is Nearing Completion
4/04/25
The Safford, a new 200-unit affordable housing development in Marana, AZ, is nearing completion and has begun leasing. The project, a development of Dominium, is located at 8740 N. Silverbell Rd. The Safford’s high-quality a...
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• Multifamily Community in Fort Worth, TX Lands New Owner
4/03/25
Candle Chase Apartments, a 116-unit multifamily community in Fort Worth, TX, was acquired by Delara Chase, LLC. The price was not disclosed. Built in 1969, the rebranded Delara Chase Apartments is located at 6822 S. Hulen S...
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• Grubb Properties Secures $21 Mil Financing for Res Development Project in L.A.’s Koreatown
4/03/25
Grubb Properties has obtained a $21 mil land and predevelopment loan for the recapitalization of a 2.1-acre site in the heart of the Los Angeles’ Koreatown neighborhood. The land is fully entitled for development of Link Apar...
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• Huntington Beach Multifamily Sells for $625k/Unit
4/02/25
A 14-unit multifamily property in Huntington Beach traded for $8.75 mil ($625k/unit) in an off-market transaction. The property sits on 0.43 acres at 2512-2518 England St, north of Yorktown Ave and west of Beach Blvd. We’re t...
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• Work Finished on First Phase of 292-Unit Res Community in Duarte
4/02/25
The first phase of Solana at Duarte Station, a $97 mil, three-phase luxury apartment community located on a 3.43-acre site in Duarte, has been completed. The multifamily development was built by R.D. Olson Construction on beh...
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