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• San Mateo Multifamily Portfolio Trades in $76 Mil Deal
9/03/24
In a recent NoCal multifamily trade, an entity affiliated with The Spieker Companies has acquired the San Mateo Hills apartment portfolio, a 200-unit collection of five properties located in San Mateo. The portfolio sold for ...
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• Washington Res Community Valued at $446k/Unit in $71 Mil Trade
8/29/24
SKY Sammamish, a 159-unit multifamily property in Sammamish, WA, traded hands in a $71 mil ($446k/unit) transaction. Located at 22526 SE 4th St, the property consists of one-, two- and three-bedroom units and two-story townho...
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• Community Preservation Partners Teams Up with The Hampstead Companies in 144-Unit El Cajon Affordable Housing Buy
8/28/24
Community Preservation Partners (CPP), in partnership with The Hampstead Companies, has purchased Lexington Green Apartments, a 144-unit affordable housing complex in El Cajon. The venture’s total development investment is $8...
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• Interest in Office Conversions Grows Amid Rising Vacancies and Discounted Sales
8/26/24
This report was provided by Yardi as part of their August 2024 Commercial Edge Office Market Report
As it has become increasingly clear that remote and hybrid work is here to stay, the interest in converting vacant offices i...
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• TruAmerica Multifamily Acquires 300-Unit TX Res Asset in $50 Mil Transaction
8/26/24
TruAmerica Multifamily acquired Sheridan Park at Spring Creek Apartments, a 300-unit multifamily property located in Plano, one of Dallas/Fort Worth’s most desirable suburbs. The $50.3 mil purchase price, includes the buildin...
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• Stratford Partners Buys 94-Unit Multifamily Property in Colorado
8/22/24
Stratford Partners has acquired Del Arte Townhomes, a 94-unit res community in Aurora, CO. The deal was financed with a $15.44 mil acquisition loan.
The community is located at 11135 East Alameda Avenue in southwest Aurora. ...
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• Bellflower Apartment Building Sells for $250k/Unit
8/22/24
In a recent LA-area multifamily sales comp, an eight-unit property in Bellflower traded for $2 mil, or $250k per unit. The buyer was a private 1031 exchange buyer from Newport Beach.
Located at 9108 Palm St, the 7.6k sf res...
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• Three Multifamily Properties in East Los Angeles Fetch a Combined $3.2 Mil
8/21/24
A three-property, nine-unit multifamily portfolio located in the East Los Angeles and neighboring Boyle Heights areas of L.A. traded for $3.2 mil, or $355.6k/unit, in sales to three buyers. The deals closed at a combined cap ...
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• Berkeley Student Housing Project Lands $30 Mil in Construction Money
8/19/24
Panoramic Interests has secured $30 mil in construction financing for The Northside, a 73-unit student housing project at 1752 Shattuck in Berkeley.
The Northside, now under construction, is situated in the city’s desirable...
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• South OC Senior Living Community Secures $52 Mil Refi Loan
8/19/24
Atria Newport Beach, a 168-unit senior living community located in Newport Beach, was refinanced with a new loan for $52 mil. The property is owned by a partnership between a national REIT and Atria Senior Living.
Atria New...
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• Hines, Trez Capital and the Furst Family Purchase 90 Acres in Texas for Master-Planned Community
8/16/24
A venture between Hines, Trez Capital and the Furst Family has acquired the initial 90 acres of what will become Furst Ranch, an expansive master-planned community in Denton County, TX. The project, located outside of Dallas ...
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• Vista Multifamily Property Fetches $239/sf
8/15/24
Pine View Apartments, a 59-unit multifamily property in the North San Diego County city of Vista, sold for $14.1 mil ($239/sf). Built in multiple phases between 1964 and 1973, the same family has held ownership of the complex...
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• OC Multifamily Sale Works Out to $278k/Unit
8/14/24
An eight-unit multifamily property in Garden Grove was purchased by an OC-based private investor for $2.23 mil, or $278.1k/unit. The property features seven one-bedroom units and one two-bedroom unit, all of which were recent...
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• Intracorp Buys Res Development Site in the City of Orange
8/14/24
Intracorp paid $12.25 mil for a 2.7-acre parcel in the City of Orange. The company plans to build 49 two- and three-story single-family small lot homes on the site, located at 901 E Katella Ave.
The site is situated in a pri...
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• Continental Realty Assets Ltd Completes $27 Mil Multifamily Buy in Las Vegas
8/13/24
Continental Realty Assets Ltd (CRA) has picked up Villa Del Rio Apartments, a 168-unit multifamily community in Las Vegas, for $27 mil, or $160.7k/unit. CRA, a subsidiary of Continental Realty Group, is a Denver-based multifa...
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• BMC Investments Closes on 351-Unit Colorado Res Buy
8/12/24
BMC Investments purchased Advenir Del Arte Apartments, a 351-unit apartment community in Aurora, CO. Located at 151 S. Joliet Circle, Advenir Del Arte Apartments is a 17-building, garden-style apartment community built in 198...
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• Waterford Property Company and The Vistria Group Pick Up 299-Unit Multifamily Property in Dallas
8/09/24
Waterford Property Company and The Vistria Group have acquired Axis Kessler Park, a 299-unit, garden-style Class A multifamily community in Dallas. The joint venture purchased the property, located at 2400 Fort Worth Ave, in ...
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• Upscale Phoenix Multifamily Community Sells for $79 Mil
8/08/24
Alta North Central, a 229-unit Class A multifamily community located in north central Phoenix, traded hands in a $79 mil ($345k/unit) transaction. Built in 2020, Alta North Central is located at 777 E Stella Lane.
The commun...
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• Equity Residential Buys 11 Res Properties from Blackstone Real Estate for $964 Mil
8/08/24
Equity Residential has agreed to acquire 11 apartment properties in Atlanta, Dallas/Ft. Worth and Denver from Blackstone Real Estate strategies in separate transactions totaling $964 mil. The properties being traded total 3,5...
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• Optimus Properties Spends $12 Mil on Washington Res Property
8/07/24
Optimus Properties LLC purchased a 70-unit apartment community in Beaverton, OR in a $12.01 mil ($171.5k/unit) transaction. The property sits on 2.22 acres of land at 4925 Jamieson Rd, in the city’s desirable Raleigh Hills ne...
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