The Calida Group Announces 180 Unit Expansion with Newly Renovated Ely By Elysian Living
Multifamily real estate developer The Calida Group, who owns and operates luxury Elysian Living communities, will launch Ely By Elysian Living in fall 2018, a new concept serving as an extension of the Elysian...
North Phoenix multifamily asset purchased for $38.2 million
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Azura, a 387-unit apartment asset in North Phoenix, Arizona. The property sold for $38.2 million.
“Revenue gains currently experienced at Azura...
$64.35 million buys suburban Phoenix luxury multifamily asset
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Velaire at Aspera, a 286-unit core multifamily asset in Glendale, Arizona. The property sold for $64.35 million, which equates to...
Pathfinder Partners acquires eighth Denver-area multifamily community
Pathfinder Partners, a San Diego-based firm specializing in value-add real estate investments, has announced the $18.3 million acquisition of Verona Park Apartments – an 119-unit multifamily community located in the Denver metro area at...
Alpha Wave Investors, LLC expands presence in Salt Lake City metro with acquisition of...
A subsidiary of Alpha Wave Investors, LLC (Alpha Wave), a private equity investment firm specializing in opportunistic and value-add multifamily and hospitality assets in the Western U.S., has acquired Park Station Apartments, a 94-unit...
Tower 16 Capital Partners continues Las Vegas area expansion, acquires 512-unit apartment community in...
San Diego-based Tower 16 Capital Partners, in a joint venture with Henley USA, has acquired a 512-unit multifamily project in Spring Valley, one of Las Vegas’s top submarkets. The project was acquired on an...
$60.5 Million Value-Add Multifamily Property in Tempe Sold by IPA
Institutional Property Advisors (IPA), a division of Marcus & Millichap, closed the sale of Willow Creek, a 402-unit value-add multifamily asset in Tempe, Arizona. The property sold for $60.5 million, which equates to $150,498...
$24 million multifamily value-add opportunity sale brokered by IPA
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Cambridge Court, a 286-unit value-add multihousing asset in Phoenix. The $24 million sales price equates to nearly $84,000 per unit.
“Positioned...
Alliance Residential Company launches active adult brand—breaks ground on first development in Tukwila, Wash.
Alliance Residential Company, one of the largest multifamily developers and managers in the U.S., announces the company’s highly anticipated active adult brand, Marvelle. The Marvelle brand, designed exclusively for residents age 55 and up,...
$41 million suburban Phoenix multifamily asset sold by IPA
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announces the sale of Adobe Ridge, a 224-unit multifamily asset in Glendale, Arizona. The property sold for $41 million, which represents $183,036 per unit.
“The...
Revel Eagle, a refined senior community in Eagle River, now pre-leasing
The Wolff Company—a Scottsdale-based private equity firm and developer—today announced that pre-leasing has begun for its new refined senior community: Revel Eagle. Located within the prestigious Eagle River development adjacent to Reid Merrill Park,...
Two Brighton multifamily properties totaling 76 units trade for a combined $9.5 million
Transwestern today announces it brokered the sale of two multifamily properties totaling 76 units for a combined $9.5 million, a record-setting price in Brighton for vintage assets. Senior Vice President Tom Wanberg and Vice...
Revel Vegas, a refined senior community in Las Vegas, now pre-leasing
The Wolff Company—a Scottsdale-based private equity firm and developer—today announced that pre-leasing has begun for its new refined senior community: Revel Vegas. Located just five minutes from the Siena Golf Course, Revel offers exclusive...
Alpha Wave Investors acquires 144-unit multifamily property in rapidly growing Las Vegas market
Alpha Wave Investors, a private equity investment firm specializing in opportunistic and value-add multifamily and hospitality assets in the Western U.S., has acquired Cypress Springs Apartments, a 144-unit multifamily community situated in the Centennial...
Tower 16 Capital Partners acquires 228-unit apartment community in Las Vegas
San Diego-based Tower 16 Capital Partners and Henley USA have partnered to launch Altura, a new brand of multifamily apartment communities in Las Vegas. The partnership made their first acquisition last month, a 228-unit...
