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• Interwest Capital Group Spends $45 Mil on 142-Unit Inland Empire Res Community
6/13/22
San Diego-based Interwest Capital Group paid $45.6 mil for ReNew Mills, a 1980’s built 142-unit multifamily community in Ontario. Located at 551 East Riverside Dr, adjacent to the Ontario Ranch master-planned community, the p...
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• TruAmerica Multifamily Buys 164-Unit Phoenix Apartment Property in $45 Mil Deal
6/10/22
TruAmerica Multifamily has acquired Rise on Peoria, a 164-unit garden-style apartment community in Phoenix, for $45.4 mil ($277k/unit). The property offers a compelling value-add opportunity with 130 of the apartment homes av...
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• Preservation Equity Fund Advisors LLC Closes Its WNC Preservation Equity Fund 2, L.P.
6/09/22
Preservation Equity Fund Advisors LLC (PEF Advisors), a real estate private equity group focused on preserving existing affordable housing in high-cost markets, has closed its WNC Preservation Equity Fund 2, L.P. It achieved ...
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• New Res Project in San Francisco’s Portrero Hill Neighborhood is Completed
6/09/22
A new 127-unit res development in San Francisco’s Potrero Hill neighborhood has opened to the public. The project, 88 at the Park, is located at 88 Arkansas St, at the corners of 17th and Arkansas Streets.
Built by First Cit...
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• SB Real Estate Partners Acquires 387-Unit Res Rental Community in Phoenix
6/08/22
SB Real Estate Partners (“SBREP”) has acquired Azura Apartments, a 387-unit garden style multifamily community in Phoenix, for $91 mil ($235k/unit). The property will be rebranded as Portola North Phoenix.
Built in 1980, the...
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• Work Started on 23-Story Res Tower in San Francisco’s Mission Rock Neighborhood
6/08/22
The Mission Rock Partners development team, a collaboration of the San Francisco Giants and Tishman Speyer, have begun construction on Parcel F, a 23-story multi-family residential tower in San Francisco’s Mission Rock neighb...
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• Local Developer Spends $46.5 Mil on Adjacent Development Parcels in L.A. and West Hollywood
6/08/22
A private local developer spent $46.5 mil for two parcels totaling 1.6 acres in the Greater L.A. area. The adjacent parcels are located at 1000 N. La Brea within the city of West Hollywood’s boundaries and at 1011 N. Sycamore...
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• Link Senior Development and The Roxborough Group Buy 300-Unit Independent and Assisted Living Facility Phoenix
6/07/22
Link Senior Development and The Roxborough Group LLC acquired Park Terrace Senior Living, an amenity rich, 301-unit independent living and assisted living community in Phoenix. The price was not given out.
The 15.3-acre ca...
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• Austin Res Community Picked Up by Vista Investment Group
6/03/22
Vista Investment Group has acquired SoCo Apartments, a 122-unit multifamily community located in Austin, TX.
Built in 2004, SoCo Apartments offers a mix of one-, two- and three-bedroom units housed in 16 two-story residenti...
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• KB Development Adds 280-Unit Phoenix Apartment Asset to Its Portfolio
6/03/22
KB Investment Development purchased Green Leaf Arts District, a 280-unit apartment property in Phoenix. The price was not disclosed.
Located at 222 E McDowell Rd, the 2017-completed property sits in Phoenix’s central busines...
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• Grosvenor Buys Development Site in Oakland
6/03/22
Grosvenor has acquired two parcels totaling 39.5k sf of space in Oakland for new development. The fully entitled land, located at 2600 Telegraph Ave, will be used for construction od 225 rental homes and 6k sf of retail, with...
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• Laguna Point Properties Picks Up Largest Res Community in Vegas for $126 Mil
6/02/22
Laguna Point Properties has acquired The Harmon at 370, the largest a 996-unit multifamily community in Las Vegas, in an off-market transaction valued at $126 mil ($126.5k/unit). The seller was 3D Investments. We’re told thi...
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• Rockwood Capital Affiliate Picks Up 250-Unit Res Community in Costa Mesa
6/01/22
An affiliate of Rockwood Capital LLC has acquired 580 Anton, a five-story, 250-unit luxury apartment community in Costa Mesa. The property was sold by Legacy Partners. A price was immediately disclosed.
580 Anton features a ...
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• Brixton Capital Buys 300-Unit TX Multifamily Community
6/01/22
Brixton Capital has purchased the Royalton at Sunfield, a 300-unit apartment community located at 2825 Main St in Buda, TX, immediately south of Downtown Austin. The price was not disclosed price.
Built in 2021, the 276k sf ...
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• DB Capital Management Closes 142-Unit Res Purchase in the Denver Area
5/31/22
DB Capital Management has acquired Cleo Apartments, a 142-unit multifamily community in the Lowry submarket of Denver for $38 mil, or $267.6k/unit.
Built in 1979, Cleo features large one- and two-bedroom floor plans on a low...
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• Next Wave Investors Spends $30 Mil on Two OR Res Communities
5/31/22
Next Wave Investors LLC has acquired two multifamily assets totaling 110 units in the Portland metro submarket of Beaverton, OR for a total of $30.5 mil ($277.3k/unit). The properties are The Huntley, with 62 units, and the P...
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• El Cajon Multifamily Sales Comp Works out to $232k/Unit
5/27/22
In a recent San Diego area, multifamily sales comp, Positive Investments paid $4.65 mil for Casa Del Sol Apartments, a 20-unit ($232.5k/unit) complex located in El Cajon. The 15.4k sf property is located on a 0.8-acre lot at ...
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• MG Properties Buys 300-Unit Apartment Property in Carson
5/27/22
MG Properties has purchased Evolve South Bay, a recently constructed, 300-unit Class A apartment community in Carson. The asset was sold by MBK Rental Living.
Opened in September 2020, the 11.9-acre luxury apartment communit...
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• Standard Communities Closes $130 Mil SoCal Multifamily Buy
5/26/22
In a large SoCal Multifamily buy, Standard Communities has purchased Jefferson SoLA, a newly built, 244-unit luxury complex in the city of South Gate, for $130 mil, or about $532.8k/unit. Located at 10930 Garfield Ave, the pr...
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• Lennar Picks Up 10 Acres of Res Development Land in Otay Mesa
5/25/22
Lennar has acquired two sites totaling 10.02 acres in Otay Mesa, located just west of 2160 Cactus Rd. The 436.5k sf site will be the future home of Epoca’s G and I neighborhoods—an extension of ColRich’s mixed-use-village st...
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