Finance & Investment
Inland Empire Community Changes Hands for $40M
Providence Capital sold the 212-unit Vista Springs property in Moreno Valley, Calif.
AIMCO Loans $275M for Landmark Community
The REIT also acquired an option to buy a stake in the 3,221-unit San Francisco property along with development rights.
Pacific Reach Properties Acquires Santa Monica Asset
Institutional Property Advisors represented the seller in its disposition of Pico Lanai Apartments.
Hunt Real Estate Arranges Refi for West Oregon Community
The loan amount is almost double the existing debt from Fannie Mae, which the owner took out 10 years ago.
Grand Peaks Acquires 220-Unit Southeast Denver Community
The property sold for $36 million, almost three times the price it traded for in 2012.
Upstate New York Community Scores Financing
The Amedore Group and Sunrise Capital Partners own the recently completed Van Allen Apartments in Rensselaer.
WAK Management Sells Fort Worth Asset
A private investment group acquired the 62-building asset, with plans to embark on a multimillion-dollar overhaul.
OpenPath Investments Grows Sacramento Portfolio
The company financed the acquisition of the 104-unit Sierra Park Townhomes through a $15.5 million, 10-year Freddie Mac loan.
St. Petersburg Luxury Multifamily Project Lands $51M Financing
Phillips Development & Realty broke ground on the second phase of its 9-acre mixed-use development in the Skyway Marina District.
RISE Properties Trust Expands Holdings with $102M Purchase
The Canadian multifamily REIT acquired Salix Juanita Village in Kirkland, Wash., and plans to renovate and reposition the 211-unit asset.