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Oregon Multifamily Property Sold in $124 Mil Transaction 10/12/22 One Jefferson, a 347-unit multifamily community in Lake Oswego, OR, traded hands in a recent $124 mil ($357.3k/unit) transaction. The asset was sold by a Security Properties-related joint venture.
Built in 1986, One Jefferso...
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Griffis Residential Spends $115 Mil on Colorado Multifamily Community 10/11/22 In an institutional multifamily investment deal out of Colorado, Griffis Residential acquired Peakview Apartments, a 304-unit community in Centennial, for $115 mil, or $378k/unit. The property was sold by Denver-based EverWes...
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Santa Monica Affordable Res Property Portfolio Lands $141 Mil Recapitalization 10/11/22 WS Communities LLC has secured a $141.4 mil recapitalization of its Samo Apartments Portfolio, an 11-property, 399-unit affordable multifamily residential portfolio located in Santa Monica. The recapitalization, consisting of...
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OC Multifamily Property Traded Between Private Investors in $18.5 Mil Deal 10/11/22 A 48-unit multifamily community in Costa Mesa was acquired by a 1031 exchange, private investor in a recent $18.5 mil ($385.4k/unit), all cash transaction. The seller of the low-density, garden-style multifamily asset was als...
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NBP Capital to Start Work on 271-Unit Res Project in Portland 10/10/22 NBP Capital anticipates starting construction in the fourth quarter of 2022 on Sunshine Dairy, a 271-unit, seven-story, podium-style apartment project located at 801 NE 21st Avenue in Portland, OR. The company has obtained $6...
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Harbor Custom Development Lands $39 Mil Loan for Development of WA Res Community 10/07/22 Harbor Custom Development Inc has secured $39 mil in construction money to complete the development of a 177-unit, garden-style multifamily community located in Lacey, WA, a suburb of the Seattle/Tacoma MSA. The non-recourse ...
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Preservation Equity Fund Advisors Buys 75-Unit Seniors Affordable Housing Project in Washington 10/05/22 Preservation Equity Fund Advisors LLC (PEF Advisors) purchased Rainier Vista, a 75-unit affordable housing property for seniors 55+ in Pacific, WA.
Originally developed in 2003 with low-income housing tax credits, Rainier Vi...
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Ventura Apartment Property Sells for $369k/Unit 10/05/22 Hacienda Villas, a 34-unit multifamily property in Ventura, traded hands for $12.55 mil, or $369k/unit. The two-story property is located at 10829 Del Norte St, north of Telegraph Rd and west of Wells Rd.
Built In 1977, the ...
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Sandstone Properties Inc Secures $28 Mil on Woodland Hills Property 10/05/22 Sandstone Properties Inc has obtained a $28 mil loan to refinance an existing loan and to finance the pre-development of a 35-story multifamily development and four-story hotel conversion in Woodland Hills. The loan was provi...
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Two Res Communities Totaling 155 Units in Seattle Fetch $41.5 Mil 10/03/22 Two multifamily properties totaling 155 units in Seattle’s Ballard neighborhood traded for $41.5 mil ($268k/unit). The properties, the Belay and Noba apartments, were sold by Intercontinental Real Estate Corporation.
The apa...
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Apartment Building in the Bixby Knolls Area of Long Beach Sells for $380k/Unit 9/30/22 A Santa Monica-based private investor paid $3.05 mil for an eight-unit ($381.3k/unit) apartment property in the Bixby Knolls submarket of Long Beach. The property is located at 4321 to 4327 Elm Ave, north of San Antonio Dr an...
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Gelt Closes $500k/Unit Res Buy in the San Fernando Valley 9/30/22 L.A.-based Gelt Inc has acquired Avalon Studio 4121, a 149-unit, value-add apartment property in the southeast San Fernando Valley community of Studio City, for $76 mil ($510k/unit). The property, located at 4041-4121 Radford...
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New 97-Unit Res Community Completed in Hayward 9/29/22 Construction has finished at Legacy at Hayward, a four-story, 97-unit luxury apartment community in Hayward. The project, a development of Legacy Partners and Corebridge Real Estate Investors, is located in the hills at 28168...
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Glendale Office to Res Tower Conversion Completed 9/29/22 Arista Glendale Phase I, an eight-story luxury multifamily rental high-rise with 53 apartment homes in Glendale, has been completed and is set to open to the public. The project, located at 520 N. Central Ave, is a conversion...
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Los Angeles Apartment Building from 1940 Goes for Over $200k/Unit 9/28/22 Edgemont Court, a 12-unit apartment complex located in Los Angeles, traded for $2.5 mil, or $208.3k/unit. Built in 1940, the property is located at 175 and 179 N Edgemont Street.
The two-story, two-building apartment complex...
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Newly-Built WA Multifamily Community Lands $61.3 Mil in Financing 9/28/22 Affiliates of American Capital Group and Canyon Partners Real Estate have secured a $61.3 mil refi loan on Kinect @ Lynnwood, a newly-built, 239-unit multifamily property in Lynnwood, WA.
Kinect @ Lynnwood blends luxury upsc...
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Infill Development in San Diego’s Hillcrest Neighborhood Lands $27 Mil in Construction Money 9/27/22 DiversyFund Inc has locked in $26.9 mil in construction financing for Onyx on Park, a 61-unit, urban infill multi-housing community located in the Hillcrest neighborhood of San Diego.
With an anticipated completion of Q4 20...
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Private Investors Trade OC Apartment Property in $6 Mil Deal 9/26/22 A newly renovated 20-unit garden-style multifamily community in Westminster, CA sold for $5.96 mil, or $298k/unit. The property was recently improved with an exterior renovation completed in 2022.
Located at 8361 15th St, th...
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300-Unit Res Asset in Reno Acquired by LDK Ventures 9/26/22 LDK Ventures acquired Integra Peaks at Damonte Ranch, a partially complete, 300-unit, Class A garden-style apartment community in Reno, NV. Located at 875 Damonte Ranch Pkwy, the property is approximately 75% complete, with f...
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Santa Monica Apartment Building Two Blocks from the Ocean Sells for $374k/Unit 9/23/22 A private investor from Los Angeles paid $2.99 mil for an eight-unit ($373.8k/unit) apartment property in Santa Monica. The property, located at 2327 2nd St, is in a prime location just one block from Main Street and two bloc...
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