Gelt Launches Happy Home Communities, Names Director
Ellie Davis will spearhead the new business venture. HHC has already made its first value-added acquisition, a nine-acre mobile home park in Bakersfield, Calif.
First Phase of Imperial Valley Luxury Community Completed
Sunrise Management is in charge of marketing, management and leasing of the 240-unit project in El Centro, Calif., designed by TSA Architects.
MJW Property Buys SoCal Asset for $44M
Berkadia completed the sale of the 230-unit community in Menifee, Calif., at a sub-4.4 percent cap rate. The asset had an occupancy rate of 95.7 percent last month.
Lifescapes Designs Landscape for DTLA’s First Completed Condos in a Decade
The company has completed the design for the outdoor terrace and pool deck on the sixth floor of a 25-story project developed by Trumark Urban, which also features the country’s first drone landing pad.
Hamilton Zanze Buys Salt Lake City Community
The company plans to upgrade the 256-unit property that it purchased from Peak Capital Partners in an off-market transaction. Mission Rock Residential will manage the property.
Innovative Senior Housing Underway in Contra Costa County
Northern California Presbyterian Homes and Services is developing the first continuing-care retirement community in the area that is part of a larger retail development.
Homeless Housing Project Underway in LA
Affirmed Housing and PATH Ventures broke ground on their third project, a 65-unit community slated for completion in summer 2018.
Bridge Housing Gives Affordable Senior Community a Face-Lift
The company purchased the 100-unit community in 2015 with a view to make capital improvements which ended up totaling $34 million.
NorCal 410-Unit Portfolio Trades for $52M
Berkadia brokered the sale and secured $38.9 million in financing for six apartment properties in Chico, Calif.
Oakwood Opens 3rd LA Corporate Housing Property
The 201-unit community is the ninth U.S. corporate housing asset owned by Singapore-based Mapletree Investments, the firm’s parent company.