PCCP, LLC provides $13.25 million preferred equity investment to finance construction of 162-unit multifamily...
PCCP, LLC announced it has provided a $13.25 million preferred equity investment to Timberlane Partners to finance the construction of Sumner Apartments, a 162-unit garden-style multifamily community located at 16017 60th Street in Sumner,...
Universe Holdings acquires $12.55 million multifamily property in Ventura, California
Universe Holdings has acquired Hacienda Villas, a 34-unit townhome-style multifamily community in Ventura, Calif. for $12.55 million. It is the Los Angeles-based real estate investment firm’s second acquisition in Ventura the past five months...
The Mogharebi Group brokers $9.25 million sale of 92-unit multifamily community in Monterey County,...
The Mogharebi Group (TMG) has arranged the $9.25 million sale of Plaza Grande, a 92-unit multifamily community in Salinas, Calif. TMG represented the Monterey-based developer-owner of the fully occupied affordable housing community in its...
Gortikov Capital arranges $141.4 million recapitalization for affordable multifamily portfolio in Santa Monica, California
Gortikov Capital announced that it has arranged a $141.4 million recapitalization of the Samo Apartments Portfolio, an 11-property, 399-unit affordable multifamily residential portfolio located in Santa Monica, California. The recapitalization included a $127.6 million...
Trion Properties sells 76-unit multifamily community in Greater Portland Metropolitan area for $21.5 million
Trion Properties, a multifamily investment sponsor and private equity real estate firm based in West Hollywood, California and Miami, Florida, has sold The Hallwood Apartments, a multifamily community totaling 76 units in the Beaverton...
Institutional Property Advisors closes $76 million Studio City multifamily sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Avalon Studio 4121, a 149-unit multifamily asset in the Studio City neighborhood of Los Angeles, California. The property sold for...
Thayer Manca Residential continues to grow Washington portfolio
Thayer Manca Residential (TMR) continues to expand its multifamily portfolio in Washington with their newest acquisition. TMR has acquired Big Trout Lodge, a 297-unit property, in Lake Liberty, WA. Big Trout Lodge is the...
Gelt, Inc. acquires a 149-unit apartment property in Studio City, California for $76 million
Gelt Inc., a Los Angeles-based real estate investment and asset management firm, is pleased to announce it has acquired Avalon Studio 4121, a 149-unit value-add apartment property located at 4041-4121 Radford Avenue in Studio...
Housing group announces settlements with three Southern California cities, three new lawsuits over failure...
Californians for Homeownership, a nonprofit organization sponsored by the CALIFORNIA ASSOCIATION OF REALTORS (C.A.R.) that aims to address California's housing crisis through impact litigation, announced that it has filed lawsuits against the cities of Claremont, Fullerton and...
$26.9 million financing arranged for multihousing development in San Diego
JLL Capital Markets announced that it has arranged the $26.9 million construction financing for Onyx on Park, a 61-unit, urban infill multihousing community located in the Hillcrest neighborhood of San Diego, California.
JLL represented the...
The Mogharebi Group brokers $41.25 million sale of 118-unit senior housing portfolio in San...
The Mogharebi Group (TMG), on behalf of ROEM Development, has arranged the $41.25 million sale of a two-property, 118-unit senior affordable housing portfolio in San Jose, Calif.
Built in 2001 and 2003 by ROEM, Monte...
Marcus & Millichap brokers Tacoma multifamily asset sale
Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Tanara Villa, a 130-unit multifamily asset in Tacoma, Washington. The property...
Next Wave acquires 180-unit value-add multifamily community in Gresham, Oregon for $34 million
Next Wave Investors, LLC (Next Wave), a private equity firm focused on value-add multifamily investments, has announced its acquisition of The Nash, a 180-unit multifamily community in the Portland metro submarket of Gresham, Oregon,...
$24.64 acquisition financing arranged for California multihousing community
JLL Capital Markets announced that it has arranged the $24.64 million acquisition financing for Stonegate Riverside, a 160-unit, 1987 vintage, value-add, garden-style multihousing community in Riverside, California.
JLL represented the borrower, Universe Holdings, to secure the...
Institutional Property Advisors brokers suburban Tacoma multifamily asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of the Pointe East Apartment Homes, a 124-unit multifamily asset in Fife, Washington. The property traded for $31.75 million, which equates...
