Universe Holdings receives $19.71 million in cash out financing secured by seven Inglewood apartment...
Capitalizing on rising property values in its growing portfolio of assets in Inglewood, CA, Universe Holdings has received $19.71 million in cash-out financing secured by seven of its Inglewood multifamily communities.
Two separate loans allowed...
Trion Properties augments East Bay holdings with acquisition of 61-unit multifamily community in San...
Trion Properties, a private equity real estate firm that specializes in multifamily investments in western markets, has expanded its East Bay portfolio with the acquisition of Cedar Grove, a 61-unit multifamily community located in...
Avanath Capital Management expands multifamily footprint in Northern California with the acquisition of affordable...
Avanath Capital Management, LLC, a private real estate investment manager, announces the acquisition of the Novato Portfolio, comprising two LIHTC rental apartment properties in the Bay Area submarket of Novato, California, for $131.5 million.
Purchased...
Institutional Property Advisors Brokers $80 Million Puget Sound Multifamily Asset Sale
Institutional Property Advisors, a division of Marcus & Millichap, announced the sale of Waters Edge, a 304-unit multifamily asset.
Ideally located within The Lakes master-planned community, consisting of high-end waterfront single-family residences, condos, and...
Newly Renovated Multifamily Property at 920 Everett Street in the Victor Heights Area of...
VF Developments, LLC has leased up 920 Everett Street, a 2000s built modern style multifamily property after completing major renovations. The community is located in the highly desirable Victor Heights neighborhood in Los Angeles,...
Thorofare Capital Refinances Class A Multifamily Property Chapman Place Apartments in San Diego
Thorofare Capital, Inc. (“Thorofare” or the “Company”), an affiliate of asset management platform Callodine Group, announced it provided a $26,000,000 loan to Chapman Place LLC for the refinancing and lease-up of Chapman Place Apartments...
Institutional Property Advisors facilitates Inland Empire seniors housing asset sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Zen Diamond Valley Senior Living Apartments, a 177-unit multifamily property for seniors in Hemet, California. The asset traded for $23.85...
Stepp Commercial completes $5.3 million sale of a newly renovated, 13-unit apartment property in...
Stepp Commercial, a leading multifamily brokerage firm in the Los Angeles market, has completed the $5.3 million sale of Casa 2055 Apartment Homes, a newly renovated, 13-unit multifamily property located at 2055 E. 3rd...
JLL arranges $30 million construction loan for Seattle multihousing project
JLL Capital Markets announced that it has arranged $30 million for the development of Roystone, a 93-unit, boutique multihousing project with ground-floor retail in Seattle’s desirable Lower Queen Anne neighborhood.
JLL worked on behalf of...
Kidder Mathews arranges record-breaking sale of multifamily property in Sherman Oaks
An eight-unit apartment property at 4737 Kester Avenue in Sherman Oaks, California has sold for $3,600,000. This marks a record-high price-per-unit for a rent-controlled apartment building in the 91403 zip code. Kidder Mathews’ Michael...
Institutional Property Advisors closes iconic Wilshire Boulevard multifamily sale in Los Angeles for $45.5...
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Wilshire Royale, a 193-unit multifamily asset with 8,933 square feet of ground floor retail in Los Angeles, California’s Westlake District....
Portland smart-home startup IOTAS sells to security giant ADT
Home security company ADT has purchased Portland startup IOTAS, whose technology adapts smart-home features for apartments buildings.
IOTAS’ technology enables renters to control lights, thermostats, locks and other wireless features. Such automation is common in...
Institutional Property Advisors brokers $74.1 million North County San Diego multifamily sale
Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Dylan, a 208-unit apartment complex in Oceanside, California. The property sold for $74.1 million, or $356,250 per unit.
“Oceanside is...
Fore Property strengthens its Southern California presence with opening of two new multifamily communities
Fore Property (Fore), one of the country’s top 20 largest multifamily developers, today announced the formal opening of two new multifamily communities: Arte in Rancho Cucamonga and Las Positas in Camarillo. Developed and constructed...
Gantry Secures Permanent Loan for the Recently Completed SW by CLG in Los Angeles
Gantry secured a $25.4-million permanent loan to retire construction financing for the recently completed SW by CLG in Los Angeles.
Principal Andy Bratt and associate Sean Kuang with Gantry’s Irvine production office represented the borrower,...
