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• Archway Buys Res Complex in the Dallas Area
8/12/22
Archway Equities acquired Toscana Apartments, a 192-unit multifamily property in Carrolton, TX, one of the fastest growing suburbs in Dallas. The property was sold by HLC Equity.
The purchase represents Archway’s second ap...
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• Champion Real Estate Company Pays $12.7 Mil for Former Fraternity House Near San Diego State University
8/11/22
Champion Real Estate Company has acquired a former fraternity house adjacent to San Diego State University for $12.7 mil. The property, located at 5505-25 Lindo Paseo, will be rebranded as Victory at SDSU.
This purchase is ...
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• Phoenix Multifamily Property Sells for $36.5 Mil
8/11/22
Paradise Palms, a 130-unit, value-add multifamily community situated in the Biltmore/Uptown submarket of Phoenix, traded hands for $36.5 mil, or $281k/unit. The property was sold by Ogden Capital Partners LLC.
Constructed in...
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• MIG Real Estate Buys 104-Unit WA Community for $53 Mil
8/11/22
MIG Real Estate LLC has purchased the 104-unit Cedar Rim Apartments in Newcastle, WA for $52.9 mil, or $509k/unit. MIG is planning to enhance the exterior and common areas of the property.
Cedar Rim is located at 7920 110th ...
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• Security Properties Picks Up 168-Unit OR Multifamily Property for $49.5 Mil
8/10/22
Seattle-based Security Properties has acquired Sienna Pointe Apartments, a 168-unit multifamily community in Bend, OR, for $49.5 mil ($295k/unit). The acquisition was financed with a loan for $31.4 mil.
Built in 1991, the ga...
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• Pulte Homes Buys Four-Acre Res Development Site in Bellevue, WA
8/10/22
Pulte Homes of Washington Inc purchased a 4.11-acre, transit-oriented development site located in the heart of the BelRed Corridor in Bellevue, WA for $26.05 mil. The property, located at 1723 127th Avenue NE, was sold by Umb...
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• Davlyn Investments Spends $65 Mil on Vegas Res Community
8/10/22
Davlyn Investments has purchased Rancho Destino, a 184-unit, luxury, multifamily community situated on 9.1 acres at 4355 S Durango Dr in Las Vegas, for $65.5 mil ($356k/unit). The property, which has been re-branded “Aviara,...
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• Denver Buyer Spends $111 Mil on Tempe Multifamily Portfolio
8/09/22
A two-property, 369-unit multifamily portfolio in the Southeast Valley of Phoenix, sold for $111.75 mil ($303/sf). The buyer was Denver-based Jason McCool. It was sold by a joint venture between Avanti Residential and KKR Re...
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• Champion Real Estate Company Pays $16.7 Mil for Two Former USC Fraternity Houses
8/08/22
Champion Real Estate Company has acquired two former University of Southern California (USC) fraternity houses located at 624 W 28th St and 2715 Portland St in Los Angeles for $16.7 mil.
Victory on 28th LLC, a subsidiary o...
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• Art Deco Long Beach Apartment Property Sells for $3.8 Mil
8/08/22
A 12-unit apartment property located at 601 Linden Ave in the East Village Arts District neighborhood of downtown Long Beach, CA. sold for $3.825 mil, or $319k/unit.
Built in 1929 in Art Deco design, 601 Linden features brig...
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• Avanath Capital Management Closes on 1,032-Unit Res Portfolio Buy in the Sacramento Area
8/08/22
Avanath Capital Management LLC has acquired six affordable family and senior multifamily communities totaling 1,032 units in the Sacramento metropolitan area in an off-market transaction valued at more than $181.6 mil.
Th...
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• Construction Underway on 246-Unit Sustainably-Designed Res Community in Washington
8/05/22
Construction on Ninebark, a 246-unit sustainably designed apartment home community nestled between Camas and Washougal, WA, in Clark County is underway. The project is a development of Killian Pacific.
The design and constru...
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• Riverside Multifamily Community Sells for $60 Mil
8/05/22
Raincross Promenade, a 141-unit luxury property in Riverside, sold for $60 mil ($425.5k/unit). Built in 2010, the property is located at 3250 Market St, west of I-215 and south of Hwy 60.
Raincross Promenade is four floors i...
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• Phoenix Res High-Rise Traded in $93 Mil Transaction
8/04/22
44 Monroe, a 184-unit, luxury multifamily community in Phoenix, has traded for $93.5 mil ($508k/unit). Built in 2008, the property is located at 44 W. Monroe St, south of I-10 at Central Ave in the heart of the city’s downtow...
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• DB Capital Management and Equity Partner Thrive FP Acquire 100-Unit Apartment Property in the Salt Lake City Area
8/04/22
DB Capital Management and equity partner Thrive FP have acquired Autumn Glen, a 100-unit apartment community in the Salt Lake City submarket of Taylorsville, UT. It is DB Capital’s fifth purchase in the Salt Lake City MSA ove...
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• Glendora Multifamily Trade Works Out to Over $300k/Unit
8/04/22
A 20-unit multifamily property in Glendora sold for $6.125 mil in a deal that works out to about $306k/unit. The transaction closed at a cap rate of 4.15%.
Located at 710 Claraday St, the two-story, garden style walkup build...
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• Greystar Real Estate Company Picks Up 264-Unit 55+ Res Community in the Inland Empire
8/03/22
Greystar Real Estate Company has purchased The Village on 5th, a 264-unit 55+ age-restricted, multifamily community in Rancho Cucamonga. The property is located at 9400 Fairway View Pl, north of I-10 and west of I-15.
Villa...
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• El Cajon Multifamily Community Traded in $34 Mil Deal
8/03/22
The Madison, a 110-unit apartment community in the East San Diego County City of El Cajon, sold for $34 mil, or $309k/unit. Built in 1976, the property is located at 1360 East Madison Ave.
The Madison comprises a unit mix of...
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• Oaktree Capital Management, L.P. and MG Properties Close $320 Mil San Jose Multifamily Acquisition
8/03/22
A joint venture made up of funds managed by Oaktree Capital Management, L.P. and MG Properties has purchased The Platform Urban Apartments, a 551-unit multifamily community in San Jose, in a $320 mil transaction. Completed in...
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• JPI Acquires 482-Unit Riverside Res Project Currently Under Construction
8/02/22
JPI acquired a 482-unit apartment project on approximately 18 acres located near the intersection of CA-60 and I-215 in Riverside. The project is part of a larger 35-acre mixed-use development called The Exchange being develo...
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