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• Private Investor Spends $11.25 Mil on Palm Springs Affordable Housing Community
11/28/22
Sunnyview Villa Apartments, a 44-unit garden-style multifamily community in Palm Springs, was purchased by a California-based affordable housing investor for $11.25 mil ($255.7k/unit). Built in 1980, the property is located a...
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• Northland Closes $500 Mil Res Buy in Downtown L.A.
11/23/22
In a recent multifamily asset trade, Northland purchased THEA at Metropolis, a 685-unit, ultra-luxury, high-rise multi-housing community located in Downtown Los Angeles, for $504 mil. The 59-story res high-rise was sold by a ...
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• Greystar Set to Start Work on Res Project in Portland’s Slabtown Neighborhood
11/23/22
Greystar is set to break ground later this month on a new housing project in Portland’s Slabtown neighborhood. The centrally located buildings will feature 364 units across two blocks between Northwest 19th and 20th Avenues, ...
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• Washington Multifamily Property Trades in $78 Mil Deal
11/22/22
Lakemont Orchard, a 201-unit apartment community located on Seattle’s Eastside in Issaquah, WA, traded hands in a $78.5 mil ($390.5k/unit) transaction. The buyer’s name was not immediately released. The seller was an affiliat...
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• Universe Holdings Refis 56-Unit Res Property in La Mesa
11/18/22
Universe Holdings has secured a $10.75 mil refi loan on Chateau Spring Terrace, a 56-unit multi-housing community located in La Mesa. The ten-year, fixed rate loan was arranged by Charles Halladay, Jonah Aelyon, Jolie Zhou an...
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• Complex 1031 Exchange Involves Five Properties in Deals Totaling Nearly $24 Mil
11/18/22
Five properties traded hands as part of a complex 1031 exchange. An investor sold two Bay Area multifamily communities in San Mateo for $12.85 mil and exchanged into two KinderCare Learning Center properties and a Dollar Gene...
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• Texas Res Project Lands $56 Mil in Financing
11/18/22
Construction of a new, 350-unit garden-style apartment complex in Bexar County, TX is set to move forward now that $56 mil of financing has been secured for the project. The financing covers 98.2% of the total cost of the pro...
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• Haven Realty Capital and J.P. Morgan Global Alternatives Firm Fund to Develop and Acquire Build-to-Rent Communities
11/16/22
Haven Realty Capital and institutional investors advised by J.P. Morgan Global Alternatives have formed a programmatic joint venture to acquire and develop more than $1 bil in new build-to-rent (“BTR”) communities throughout ...
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• San Jose Res Community Traded in $185 Mil Transaction
11/16/22
Centerra Apartments, a 347-unit res community in San Jose, sold in a recent deal said to be worth around $185 mil. The buyer was an investment entity led by 3D Investments, out of Beverly Hills.
The property is located at is...
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• Workforce Housing Project in L.A.’s Mid-City Area Expected to Finish Up in Spring 2023
11/15/22
A new 123-unit workforce housing project in Los Angeles’ mid-city area is underway and expected to wrap up construction in spring 2023. The development, Liv on Pico, will provide much-needed housing adjacent to Culver City an...
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• L.A. Metro and A Community of Friends Start Construction on Affordable Housing Complex in Boyle Heights
11/14/22
The Los Angeles County Metropolitan Transportation Authority (Metro) and A Community of Friends, a nonprofit specializing in developing supportive housing, have broken ground on construction of a new affordable housing develo...
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• 200-Unit Arizona Build-to-Rent Community Breaks Ground
11/14/22
Town Germann, a gated, build-to-rent development in Gilbert, AZ, has broken ground. The 14.5-acre property will consist of 209 luxury townhomes ranging from approximately 1.2k sf to 1.4k sf with two and three bedrooms, two ba...
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• SoCal Multifamily Markets Looking at Continued Rate Increases Due to Low Construction
11/11/22
This report was provided by The University of Southern California Lusk Center for Real Estate
Forecast authors caution that historic levels of uncertainty – inflation, interest rates and migration – might impact Los Angele...
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• Six-Unit Res Property in Santa Monica Goes for $442k/Unit
11/11/22
A Los Angeles-based private investor paid $2.65 mil for a six-unit ($442k/unit), townhome-style apartment property in Santa Monica. The property is located at 1814 9th St, just east of Lincoln Blvd on the south side of I-10.
...
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• Denver Res Community Fetches $378k/Unit
11/09/22
Corsican Apartments, an 82-unit high-rise multifamily community in Denver’s Cheesman Park neighborhood, sold for $31 mil ($378k/unit). Built in 1968, the property is located at 1330 Gaylord St.
Corsican has one- and two-bedr...
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• Colorado Res Property Recapitalized in $32 Mil Deal
11/09/22
River Run Apartments, a 117-unit multifamily community in Avon, CO, was recapitalized in a $32 mil financing deal. The property, strategically positioned on the Eagle River with near equidistant access to the Vail and Beaver ...
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• Value-Add Long Beach Apartment Sells for $300k/Unit
11/07/22
A local private investor paid $6.64 mil for a 22-unit ($302k/unit) apartment property in Long Beach. The property, located at 4114 to 4118 Elm Ave in the city’s Bixby Knolls submarket, is viewed as a value-add opportunity.
...
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• Avanath Capital Management Pays $58 Mil for 168-Unit Multifamily Property in Denver
11/04/22
Avanath Capital Management purchased Ascent Apartments, a 168-unit, garden-style apartment community in Southeast Denver. The property traded for $58.1 mil, or about $346k/unit.
Located at 8400 E. Yale Ave, the nine-building...
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• Apartment Building in the Western San Fernando Valley Fetches Nearly $400k/Unit
11/01/22
Vince Norris, Jim Fisher, Mike Smith, Steven Goldstein, Bryan Schellinger, Mike Hanassab, and Elliot Hassan with Northmarq represented the Los Angeles based seller, Xenon Investment Corp.
A 29-unit, fully renovated apartmen...
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• Apartment Property in Denver’s Uptown Neighborhood Goes for $8.4 Mil
10/31/22
Uptown Terrace, a 34-unit apartment community in downtown Denver’s Uptown neighborhood, traded hands in an $8.4 mil ($247k/unit) deal. The asset was purchased by Quantum Capital, as part of a 1031 exchange using out-of-state ...
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