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EverWest Real Estate Investors Buys 130-Unit Multifamily Community in Seattle 5/19/22 EverWest Real Estate Investors has purchased Muir Apartments, a 130-unit res community located in the heart of Seattle’s Central District, for $54.5 mil ($419k/unit). Built in 2019, Muir Apartments is a modern, Class A urban ...
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TruAmerica Multifamily Buys 230-Unit TX Apartment Complex 5/19/22 TruAmerica Multifamily has acquired Cannon Oaks, a 230-apartment home community located just seven miles from downtown Austin in Texas. Completed in 2003, Cannon Oaks is located at 2302 E. William Cannon Dr. and features a mi...
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Seattle Investment Entity Pays $728k/Unit for AZ Townhome Community 5/18/22 Farmer Avenue Lofts, an 18-unit townhome property in Tempe, AZ, was acquired by Blueprint Capital, a Seattle-based real estate investment trust for $13.1 mil ($728k/unit). Built in 2008, Farmer Avenue Lofts is located at 354 ...
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Greenbridge Investment Partners Buys Trio of Apartment Properties in the San Fernando Valley 5/18/22 Los Angeles-based Greenbridge Investment Partners has entered the multifamily market with the acquisition of a trio of apartment properties in the San Fernando Valley. The properties are located at 15042 Dickens St in Sherma...
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Universe Holdings Pays $14.5 Mil for Its Second Ventura Multifamily Property 5/17/22 Universe Holdings has acquired Woodland Manor, a 38-unit multifamily community in Ventura, in an off-market transaction for $14.55 mil ($383k/unit). Built in 1969, the property offers all two-bedroom/two-bath apartments in a ...
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The Bascom Group Spends $44 Mil on Two Fresno Apartment Communities 5/17/22 The Bascom Group has acquired two apartment communities in the Central Valley for a combined price of $44.5 mil, or $188.5k/unit, in an off-market transaction. The properties -- Casa de Luna Apartments and Casa del Sol Apartm...
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New Affordable Housing Project Opens Its Doors in Mountain View 5/12/22 Luna Vista Apartments, a new, 71-unit affordable housing development in Mountain View, has officially opened to the public. Located at 950 W. El Camino Real, the five-story project is a development of Alta Housing, a communit...
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Universe Holdings Lands Refi of $30 Mil on San Fernando Valley Multifamily Community 5/11/22 Universe Holdings has secured a refi loan of $30.3 mil on Nantucket Creek, a 172-unit, garden-style, age-restricted (55+) apartment community in the San Fernando Valley community of Chatsworth.
Nantucket Creek comprises one-...
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Long Beach Multifamily Property Trades in $47 Mil Deal 5/11/22 Fountain View Apartment Homes, a 153-unit community in Long Beach, traded hands in a recent $47.05 mil ($307.5k/unit) transaction. Built in 1986, Fountain View is located at 2301 E. Market St, east of Chaerry Ave and north of...
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Recently Completed Colorado Res Community Fetches Just Under $400k/Unit 5/10/22 A brand new, 126-unit Class A apartment community in Longmont (Boulder), CO sold for $50 mil ($396.8k/unit) in a recent sale. The buyer, Cantamar Apartments Associates LLC, plans to rename the community as Alpine Prairie Vill...
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Private Investor Pays Almost $500k/Unit for Arcadia Residential Complex 5/10/22 Shalimar Apartments, a 20-unit apartment complex in Arcadia, was purchased by a private investor for $9.5 mil ($475k/unit). Located at 933 Arcadia Ave, the multifamily property contains 28k sf of space over two floors.
The p...
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The Onni Group Picks Up 1.4 Acres of Development Land Along Wilshire Blvd in Los Angeles 5/09/22 The Onni Group has acquired 1.4 acres of development land along Wilshire Blvd in Los Angeles. Located at 5350-5376 Wilshire Blvd, in the city’s Mid-Wilshire neighborhood, the property is a block-to-block site with no height l...
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MC Companies to Build 156-Unit Res Project in the Tucson Area 5/09/22 MC Companies plans to develop a $39.6 mil, 156-unit Class A multifamily development in the suburbs immediately north of Tucson, AZ, where renter demand continues to outstrip supply. The community, called Arroyo Verde, will be...
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Two OC Apartment Comps Total Over $11 Mil 5/05/22 We’ve got two OC apartment sales to report, in separate deals totaling $11.1 mil. In one of the transactions, Palm Court Apartments, a 24-unit property in Buena Park, sold for $6.05 mil, or $252k/unit. In the other deal, Drif...
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TruAmerica Multifamily Picks Up 310-Unit Texas Apartment Community 5/04/22 TruAmerica Multifamily has built its portfolio in Texas to nearly 3,000 units in less than 18 months with the acquisition of Rancho Mirage, a 310-apartment home community in the Dallas/Fort Worth submarket of Irving.
Rancho...
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Portland Res Community Refinanced with $71 Mil Loan 5/04/22 A Security Properties affiliate has obtained a $71 mil refi loan on Peloton Apartments, a three-building, 265-unit Class A multifamily community in Portland. The building name - Peloton - means a group of bike riders, paying ...
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Escondido Multifamily Project Sells for $25 Mil 5/04/22 City Plaza, a newly built, 56-unit multifamily property in Escondido, sold for $25 mil, or $446.4k/unit. The four-story, 63.7k sf project is located at 300-330 South Escondido Blvd.
City Plaza, built in 2018, is located just...
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Laguna Point Properties Picks Up Over 700 Res Units in Las Vegas 5/03/22 SoCal-based Laguna Point Properties has acquired two apartment communities in Las Vegas totaling 708 units in an off-market transaction worth $129.7 mil ($183k/unit). The properties were sold by an overseas investor.
Topaz a...
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Tricon Residential Inc and HHS Residential Start Work on166-Unit TX Build-to-Rent Community 5/02/22 Tricon Residential Inc and HHS Residential have broken ground on Hardwick, a high-quality rental community in Saginaw, TX. Hardwick is the second of Tricon’s 13 new, purpose-built, single-family rental home communities in Tex...
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Tides Equities Closes $37 Mil Multifamily Purchase in Las Vegas 5/02/22 Skyline Parc, a 193-unit, garden-style multifamily property in Las Vegas, has traded hands in a $37.3 mil ($193.3k/unit) transaction. The buyer was Tides Equities LLC.
The property, located at 3675 Cambridge St, was built in...
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