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• Channel Properties Buys Newly Constructed Multifamily Property in Marin County
12/10/21
Napa-based Channel Properties purchased a newly constructed, 41-unit multifamily mixed-use development in downtown San Rafael, just north of San Francisco in affluent and severely supply-constrained Marin County. Completed in...
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• OC Multifamily Community Acquired for $182.5 Mil by GID
12/10/21
The Valentia Apartment Homes, a Class A multifamily community consisting of 335 market-rate units in the North Orange County submarket of La Habra, sold for $182.5 mil ($545k/unit). The property is located at 951 S. Beach Blv...
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• Investors Management Group Buys 312-Unit TX Apartment Property
12/09/21
Investors Management Group has acquired Hardy Oak, a 312-unit apartment community in San Antonio, for an undisclosed price.
Located at 23975 Hardy Oak Blvd, the gated property consists of 13 buildings constructed in 2020. T...
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• Chatsworth Apartment Property Sells for Over $100 Mil
12/09/21
Waterstone, a 354-unit ($287.5k/unit) apartment building in Chatsworth, was purchased for $101.8 mil by Lincoln Avenue Capital, a developer of affordable and workforce housing.
Located at 9901 Lurline Ave, Waterstone is the...
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• Long Beach Apartment Building Sells for $286k per Unit
12/08/21
An OC-based private investor paid $2.29 mil for an eight-unit ($286.3k/unit) apartment property in Long Beach. The property is located at 912 Gladys Ave, in the city’s Rose Park Historic District.
Built in 1963, 912 Gladys A...
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• Xenon Investment Corp Spends $7.5 Mil on 33-Unit L.A. Res Property
12/07/21
Hollywood Apartments, a 33-unit multifamily property in Los Angeles, was purchased for $7.5 mil ($227.3k/unit) by investor Deepak Mehta and Xenon Investment Corp. The asset was sold by RPVoge Investments, a family trust.
Hol...
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• Waterford Property Company Acquires 472-Unit Pomona Multifamily Community for Preservation of Existing Affordable Housing
12/07/21
Waterford Property Company, in partnership with California Statewide Community Development Authority (CSCDA), a joint powers authority, has acquired 777 Place, a 472-unit multifamily property in Pomona, for $149.4 mil ($316.5...
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• HomeFed Corporation Closes $167 Mil Multifamily Buy
12/07/21
HomeFed Corporation has wrapped up a $167.5 mil purchase of a 519-unit ($322k/unit) multifamily asset in Escondido. The property, Solana at Grand, features a mix of studio, one- and two-bedroom units.
Units at Solana at Gran...
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• OC Multifamily Sale to AmpliFi Apartment Unit Prices in the Region
12/06/21
AmpliFi Apartments, a 290-unit luxury apartment community located at 600 West Commonwealth in Fullerton, recently traded hands in a $168 mil transaction. The buyer was Nuveen Real Estate. We’re told that at $579.3k per unit, ...
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• Torrance Multifamily Property Comps at $432k per Unit
12/06/21
The Village Apartments, a 36-unit multifamily complex located in Torrance, sold for $15.575 mil, or $432.6k per unit. Built in 1963, The Village Apartments is located at 3650 Newton St.
The property is comprised of 36 two-s...
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• AZ Res Community Trades for $60 Mil
12/06/21
Tierra Santa Apartment Homes, a 274-unit, value-add multifamily community in Phoenix, sold for $59.6 mil, or $217.5k per unit. The buyer was Tides Equities LLC.
Built in 1985, the two-story, garden-style property is located ...
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• MG Properties Group Closes on $54 Mil OR Apartment Acquisition
12/02/21
MG Properties Group purchased Maddox Apartments, a 210-unit multifamily property in the Bridgeton neighborhood of North Portland, for $54 mil ($257k/unit). The acquisition, consisting of two newly combined and rebranded commu...
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• New Res Development in Seattle Lands $42 Mil Refi Loan
12/02/21
Plus Capital Partners LLC has obtained a $42.63 mil refi loan on Shoresmith Apartments, a new, 113-unit res development in Seattle. The project, located at 1170 Republican St, also includes 1.3k sf of ground floor retail spac...
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• Seattle Apartment Building Trades for $7.3 Mil
12/01/21
The Marco, a 25-unit apartment building in the Roosevelt submarket of North Seattle, was acquired by a local syndication group for $7.28 mil ($291.2k/unit). The Marco is located at 9100 Roosevelt Way NE, in close proximity to...
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• The Bascom Group Buys 147-Unit Multifamily Community in Reno
11/30/21
The Bascom Group has acquired Sierra Point Apartments in the Reno, NV metro area for $31 mil in an off-market transaction. Built in 1996 and 1998, the 147-unit ($210.9k/unit), garden-style multifamily community consists of 84...
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• Sacramento Multifamily Property Fetches $38 Mil
11/30/21
Westlake Apartments, a 148-unit multifamily property in Sacramento, sold for $38 mil ($256.8k/unit). The property, located at 1 Shoal Court, was sold by Graceada Partners.
During its 15-month hold period, Graceada Partners s...
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• Seattle Apartment Community Sells for $120 Mil
11/29/21
Panorama House, a 179-unit apartment community in Seattle, sold for $120 mil ($670.4k/unit). The property was 99% leased at the time of sale.
Located at 1100 University St, Panorama House is an 18-story community offering a...
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• DB Capital Management Makes 352-Unit Multifamily Buy in San Antonio
11/26/21
DB Capital Management has purchased Salado Springs, a 352-unit multifamily community in North Central San Antonio, TX. Built in 1997, Salado Springs is located at 12727 Vista Del Norte and is 15 miles north of downtown San An...
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• CGI+ Real Estate Strategies Wraps Up $50 Mil Multifamily Buy in Oxnard
11/23/21
CGI+ Real Estate Strategies acquired Alturas, a 170-unit multifamily community located in Oxnard, for $50.7 mil ($298k/unit) in an off-market transaction. The deal represents CGI’s second suburban purchase in the last 11 mont...
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• Long Beach Apartment Portfolio Trades for Nearly $42 Mil
11/23/21
A 17-property, 155-unit apartment portfolio in Long Beach sold for $41.85 mil, or $270k per unit.
The portfolio is comprised of assets in “B” locations across Long Beach and just over half of the units are Section 8 housing....
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