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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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• MBK Rental Living and Haseko Corporation Acquire 19 Acres in the Bay Area for Residential Rental Development
5/25/22
MBK Rental Living has purchased a 19.5-acre site in Morgan Hill for development of a 389-unit, Class A for-lease residential community named Vida at Morgan Hill. MBK partnered with Haseko Corporation in what marks the two fir...
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• San Gabriel Multifamily Property Goes for $336k/Unit
5/24/22
Kimberly Apartments, a 26-unit multifamily property located in the central San Gabriel Valley city of Baldwin Park, traded for $8.75 mil, or $336.5k/unit. The buyer was a private investor based out of Los Angeles.
Located at...
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• Colorado Multifamily Community Lands New Financing of $58 Mil
5/24/22
The Bluffs at Castle Rock, a 220-unit, garden-style multifamily community in Castle Rock, CO, is being renovated and recapitalized, thanks to a new $58.2 mil senior loan. The funding is being provided to the joint venture own...
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• Downtown Oakland Mixed-Use Asset Trades for $18.5 Mil
5/23/22
La Peralta Apartments, a mixed-use property consisting of 93 residential apartments and five office units in Downtown Oakland, sold for $18.5 mil. The sale closed at 4.61% cap rate.
La Peralta offered a rare opportunity to a...
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• Apartment Community in Central Phoenix Sells for Over $26 Mil
5/23/22
The Willow, an 86-unit multifamily property in Central Phoenix, was purchased by in-state investment group for $26.7 mil, or $310.5k/unit. The property is located at 6315 North 16th St, near the Camelback Corridor, with an ab...
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• Ontario Res Community Trades for $434k/Unit
5/20/22
Charlmont Village Townhomes, a 55-unit property in Ontario, was acquired by a private investment group from Beverly Hills for $23.9 mil, or $434.5k/unit. The property was nearly 100% occupied at time of sale.
Built in 1984,...
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• Sunroad Enterprises Obtains $200 Mil Take-Out Loan on Just Completed San Diego Area Res Community
5/20/22
Sunroad Enterprises has secured a $203 mil construction takeout financing for Vive Luxe, a Class A, 442-unit, multi-housing community the firm built in San Diego’s Kearny Mesa submarket.
Built in 2022, Vive Luxe offers studi...
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• Arizona Multifamily Community Gets New Owner in $75 Mil Deal
5/20/22
Sanctuary on Broadway, a 240-unit multifamily community in Tempe, AZ, traded hands in a $75 mil ($312.5k/unit) transaction. The buyer was a private Washington state-based syndicator.
Sanctuary on Broadway, located at 1330 We...
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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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