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• Gelt Venture Partners Buys 252 Units in Denver for $68 Mil
2/14/24
Gelt Venture Partners LLC (GVP) has acquired Allure Apartments, a 252-unit apartment property in Denver, for $68.25 mil ($271k/unit). The property is located at 1300 S. Willow St, on the northeast side of Hwy 83.
Built in 2...
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• San Fernando Valley Senior Housing Facility Sells at $117k/Bed
2/12/24
A 201-bed senior housing facility in the central San Fernando Valley was acquired for $23.5 mil ($117k/bed) by an entity of California Healthcare & Rehabilitation Center, who was the tenant at the property. The buyer will con...
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• New Multifamily Deliveries Reach Record High as Rental Growth Slows in Q4 2023
2/09/24
This report provided by CBRE
The U.S. multifamily market experienced a surge in new construction deliveries in 2023, leading to a slowdown in rent growth, according to CBRE’s latest research.
New construction deliveries rea...
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• Affiliates of Harbor Group International Close $132 Mil Purchase of Two Denver-Area Res Communities
2/09/24
Affiliates of Harbor Group International LLC purchased two multifamily communities in the metro Denver area totaling 434 units in a deal worth $132.5 mil ($305k/unit).
The sale included The Prospector Modern Apartments at ...
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• Bolour Associates Inc to Build 30-Unit Res Project in West Los Angeles
2/07/24
Bolour Associates Inc has secured the entitlements to build a new five-story, for-rent residential apartment building in the heart of West Los Angeles. The building will sit at 2424 S. Veteran Ave. in Los Angeles, on the sout...
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• Phase One Completed at New Los Angeles Affordable Housing Project
2/07/24
Phase One of Rose Hill Courts, an 89-unit affordable housing project in northeast Los Angeles, has been completed. The LEED-certified project, located at 4466 E. Florizel St, is being built by R.D. Olson Construction on behal...
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• Chula Vista Multifamily Property Trades for $116 Mil
2/06/24
Pulse Millenia, a 273-unit, garden-style multi-housing community located in the desirable Otay Ranch region of Chula Vista, traded in a $116 mil ($425k/unit) transaction. The purchase was funded in part by a $71.8 mil acquisi...
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• Palm Desert Apartment Property Sells for $220k/Unit
2/06/24
An unnamed private investor paid $2.2 mil for a 10-unit ($220k/unit) multifamily property in Palm Desert. This was the first time the property had traded in over 20 years.
The apartment community is located at 73435 San Gorg...
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• Riverside Res Comp Works Out to $150k/Unit
2/02/24
In a recent multifamily comp out of the Inland Empire, Corwin Apartments, a 19-unit asset in Riverside, traded for $2.85 mil ($150k/unit).
Built in 1964, the property is located at 5755-5780 Corwin Lane. It features one-bed...
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• Bela Flor Communities Obtains Construction Loan of $35 Mil for AZ Res Development
2/02/24
Arizona-based Bela Flor Communities has secured a construction loan of $35.25 mil for Bella Olivia, a 112-unit build-to-rent (BTR) community in Peoria, AZ. The property is currently under construction and is expected to open ...
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• New Upscale Apartment Project in Phoenix Sells for $531k/Unit
2/01/24
ARCADIA VIEWS, a newly constructed 16-unit luxury apartment community in Phoenix, was acquired by a Las Vegas-based investment entity for $8.5 mil ($531k/unit). Built in 2023, the new Class A, eco-friendly multifamily develop...
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• Tidewater Capital Receives Final Approvals for Two Oakland Res Developments
1/31/24
San Francisco-based Tidewater Capital received final approvals for both 533 Kirkham, a 289-unit residential development in West Oakland, as well as a 381-unit project at 1431 Franklin in the city's Downtown.
The 533 Kirkham ...
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• Rio Properties Transitions Five-Property SoCal Multifamily Portfolio as Part of a More Tax Efficient Investment Strategy
1/31/24
Rio Properties, a 25-year CA-based investor, transitioned a five-property, L.A.-area multifamily portfolio into a more tax-efficient investment strategy. The assets are located in Venice, Oakland, Los Angeles, and Marina Del ...
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• Mercy Housing and TCA Architects Finish Work on San Fernando Valley Supportive Housing Project for Seniors
1/30/24
Construction has been completed on Burbank Boulevard Senior Housing, a 55-unit, permanent supportive housing development for seniors ages 55 years and older. The project, located at 14536 Burbank Blvd, just west of Van Nuys B...
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• OC Res Development Lands $128 Mil in Construction to Permanent Financing
1/29/24
Legado Companies has obtained $128 mil of construction-to-permanent financing in three tranches, from three separate lenders, for the development of the Legado at the Met multifamily project in Santa Ana.
The 268-unit, mark...
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• California Commercial Investment Group Buys 19 Acres in Woodland Hills for Development of a Senior Living Facility
1/26/24
California Commercial Investment Group has acquired a 19-acre site adjacent to the iconic Motion Picture & Television Fund campus in Woodland Hills for $30 mil. California Commercial Investment Group will develop a luxury se...
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• Brownsville, TX Multifamily Buy Financed with $4.3 Mil Loan
1/25/24
In a recent multifamily financing deal out of Brownsville, TX, BridgeCore Capital provided a $4.3 mil acquisition loan for the purchase of a 60-unit apartment property. The asset was acquired by an experienced real estate inv...
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• AZ Build-to-Rent Development Lands $66 Mil Bridge Loan
1/22/24
Bela Flor Communities has obtained a $66 mil bridge loan for Bella Encanta, a 212-unit build-to-rent (BTR) community located in Mesa, AZ. Over half of the units are leased and occupied at the property, which recently complete...
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• Sales Underway at New Bay Area Res Community
1/22/24
Sales have started for a Village Walk, a new NoCal residential community. The project, a collection of 15 new Craftsmen-style townhomes in the Bay Area city of Belmont, was developed by Regis Homes Bay Area LLC, a division of...
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• The Bascom Group Closes First Acquisition in Albuquerque
1/19/24
The Bascom Group LLC has acquired the Overlook Apartments, a 344-unit, garden-style multifamily property in Albuquerque, NM. Built in 1988, the property is located at 6200 Eubank Blvd, just south of Academy Rd.
Located withi...
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