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• Two Bay Area Seniors Housing Communities to Move Forward with $21.5 Mil in Financing
4/11/22
Calson Management has secured a $21.5 mil loan for two memory care seniors housing communities totaling 48 units in California’s Bay Area. The portfolio consists of Crescent Oaks in Sunnyvale and Silver Oaks in Menlo Park.
L...
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• Texas Multifamily Buy Financed with $19 Mil Acquisition Loan
4/11/22
Ashton Apartment Homes, a 152-unit, garden-style multifamily property in the Dallas-Forth Worth Metroplex community of Saginaw, was acquired by a private investor in a 1031 exchange. The purchase was funded with a bridge loan...
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• Legacy Partners and Pacific Life Lock In $106 Mil for Denver Res Tower Project
4/08/22
A Legacy Partners and Pacific Life joint venture has obtained $106 mil in JV equity and construction money for Araceli DTC, a 236-unit res tower development in Denver. The Class A, NGBS Green Certified Gold high-rise is sched...
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• Stillwater Capital Investments Buys 16.6-Acre Development Site in Mesa, AZ
4/08/22
Dallas-based Stillwater Capital Investments acquired a 16.6-acre multifamily development site in Mesa, AZ in an $11.1 mil transaction. Stillwater plans to construct a brand new 373-unit Class A apartment community on the site...
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• Sudberry Properties Nearing Completion on 10-Acre Mixed Development in San Diego’s Scripps Ranch Area
4/07/22
Construction is nearing completion on The Hub at Scripps Ranch, a mixed-use redevelopment project featuring 260 modern luxury apartments with outstanding amenities and 10.7k sf of retail/restaurant space. The 9.52-acre site, ...
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• Veleta Capital LLC and Oaktree Capital Management Team Up for New Lending Platform
4/07/22
Veleta Capital LLC and funds managed by Oaktree Capital Management L.P. have launched a strategic joint venture, Veleta Capital Partners (“VCP”), creating an institutional lending platform for multifamily and commercial real ...
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• Magma Equities and Franklin Templeton Pick Up 281-Unit Multifamily Community in Texas
4/07/22
Magma Equities, in a joint venture with funds managed by Franklin Templeton, has acquired Palencia Apartment Homes, a 281-unit apartment community in north Dallas. The purchase represents Magma’s fourth multifamily investment...
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• Vegas Mixed-User Purchased by 3D Investments LLC in $216 Mil Transaction
4/06/22
Beverly Hills-based 3D Investments LLC acquired Tivoli Village, a 669.4k sf, Class A open-air mixed-use project in Las Vegas, for $216 mil. The purchase includes an additional 8.29-acre development site. The property was sold...
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• New 293-Unit Lakefront Community in Texas Opens Its Doors
4/06/22
880 LYN, a 293-residence, lakefront community in the master-planned community Las Colinas in Irving, TX, has opened its doors. The community is a development of Legacy Partners. It will be managed by ZRS Management.
The tran...
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• Concord Multifamily Asset Lands New Owner in $31.5 Mil Transaction
4/05/22
The Lakes Apartments, a 102-unit apartment community located in the Bay Area city of Concord, traded hands in a recent deal worth $31.5 mil, or $308.8k/unit. Built in 1967, The Lakes is situated on 4.2 acres at 1818, 1819 and...
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• CEDARst Companies To Develop 190-Unit Res Project in San Diego
4/05/22
CEDARst Companies has landed $43.5 mil in construction financing for the development of 4135 Park Blvd, a 190-unit, mid-rise, mixed-use multi-housing project located on the border of the North Park and Hillcrest submarkets in...
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• Serrano Development Group to Build 127-Unit Multifamily Project in Azusa
4/04/22
Serrano Development Group has secured $47 mil in non-recourse construction financing for the development of Lumia Apartments, a 127-unit, market-rate multifamily project in Azusa.
Situated on a 1.2-acre site adjacent to th...
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• Rent-Control Apartment Property in L.A. Goes for $333k / Unit
4/01/22
A 24-unit rent control apartment property in Los Angeles traded hands in a recent transaction worth $8 mil, or $333k per unit. The property is located at 1820 El Cerrito Place, on a tree-lined residential street just north o...
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• Glendale Multifamily Community Acquired for $80 Mil by a Public-Private Partnership Between CSCDA and BLVD
3/31/22
Towne at Glendale, a 126-unit multifamily community in Glendale, was acquired by a public-private partnership of CSCDA Community Improvement Authority (CSCDA) and BLVD Impact Housing (BLVD), for $79.7 mil ($630k/unit). The pr...
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• The Vernon Group to Start Work on 167-Unit Res Project in Santa Maria
3/31/22
The Vernon Group has secured $34.8 mil in financing for the construction of the 167-unit Elements Apartments in Santa Maria, CA. The loan was provided by Thorofare Capital Inc.
Elements boasts a transit-oriented location, wi...
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• Fairfield Spends $106 Mil on Downtown San Diego Res Community
3/30/22
In a recent, $106 mil San Diego multifamily trade, Fairfield purchased IDEA1, a 295-unit ($359.3k/unit), award-winning, Class A, mid-rise multi-housing community in downtown. The property, located in the East Village neighbor...
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• 160-Bed West L.A. Student Housing Community Trades
3/30/22
An LA area-based company purchased Studio 11024, a contemporary, 160-bed, 31-unit student housing community serving UCLA in L.A.’s exclusive Westwood neighborhood.
Built in 2015, Studio 11024 is located two blocks from both ...
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• Stos Partners Picks Up 10-Unit Res Asset in San Diego’s Rolando Village Area
3/29/22
Stos Partners in partnership with Apartment Worth and a high-net worth family investment entity, has acquired a 9.5k sf ‘ten-plex’ multifamily community in the Rolando Village submarket of San Diego. The property, which is lo...
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• Guardian Real Estate Services Secures $95 Mil in Construction Money for Portland Res Development
3/28/22
Upon completion, the seven-story Slabtown Square will consist of studio, one- and two-bedroom units with vinyl plank flooring, quartz countertops, stainless steel appliances, in-unit washers and dryers and an average unit siz...
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• 35-Story Shoreline Gateway Opens Its Doors in Long Beach
3/25/22
Shoreline Gateway, a new 35-story, mixed-use luxury apartment complex in Downtown Long Beach, has officially opened to the public. The project is a development of Ledcor Properties Inc and Anderson Pacific LLC, with their par...
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