Deals - West
Cities
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Alliance Residential Sells Luxury Phoenix Asset for $84M
The seller opened the 316-unit Class A community in summer 2018. Thrivent Financial provided the buyer with more than $50 million in acquisition financing.
18 March 2019 10:10 -
Cortland Buys Phoenix Community for $62M
Walker & Dunlop originated a nearly $55 million, 10-year acquisition mortgage through Freddie Mac for the 368-unit Class A property.
15 March 2019 18:18 -
Partially Affordable Community Trades in Phoenix
The property was completed in 2001 under Section 42 LIHTC provisions. The community is near the Interstate 10 employment corridor and approximately 36 miles from downtown Phoenix.
15 March 2019 18:04 -
Reliant Group Pays $116M for Bay Area Portfolio
The deal includes more than 600 workforce housing units spread across seven properties. The new owner plans to convert four of the assets into affordable housing communities.
15 March 2019 13:53 -
San Diego Student Housing Changes Ownership
HFF worked on behalf of the seller, FPA Multifamily, which acquired the asset in 2015 from AIG Global Real Estate. The community serves San Diego State University.
13 March 2019 13:52 -
2 Microunit Multifamily Assets Change Hands
Wilshire Capital Partners paid $23.4 million for two communities located in Seattle and Portland, Ore. CBRE negotiated the deal on behalf of the seller, East To West Capital.
13 March 2019 11:07 -
Colliers International Handles $70M Sale of AZ Property
P.B. Bell sold Laguna Village, a 31-building Class B community in Chandler, to Bridge Acquisitions. The new owner will complete the modernization of the property to increase the asset’s market value.
12 March 2019 13:51 -
Phoenix-Area Property Changes Hands for $12M
Dougherty Mortgage originated a $9.5 million Fannie Mae loan for the acquisition of the 120-unit Tuscano Village in Glendale.
12 March 2019 12:10 -
Phoenix Community Sells for $25M
Investors Capital Group financed the purchase of the 184-unit Class B multifamily asset through a Fannie Mae line of credit originated by Berkadia.
11 March 2019 17:44 -
WA Community Changes Hands
Madison Residential purchased the 63-unit Class B asset for approximately $10 million, with Opus Bank providing more than $7 million in acquisition financing.
11 March 2019 17:16 -
RedHill Realty Purchases $72M WA Community
Berkadia arranged the sale on behalf of FPA MultiFamily in its disposition of MIRO at Dash Point, a 386-unit garden-style property in Federal Way.
08 March 2019 12:48 -
NV Affordable Community Sells for $35M
A New York City-based firm acquired the 332-unit Southwest Village property from PacifiCap Properties. The asset last changed ownership in 2006.
07 March 2019 18:22 -
The Calida Group Pays $100M for Las Vegas Community
The seller, Shopoff Realty, acquired the asset for $72.6 million in 2016 as a value-add investment.
07 March 2019 15:14 -
Cushman & Wakefield Brokers Sale of Luxury AZ Asset
Executive Managing Directors David Fogler and Steven Nicoluzakis represented the seller of the 150-unit Class A community in downtown Tempe.
07 March 2019 08:23 -
Berkadia Completes $76M Sale of Orange County Area Property
The company worked on behalf of A & M Properties in the acquisition of ReNew at the Shops, a garden-style apartment community situated in a tight multifamily market.
06 March 2019 14:20