Finance & Investment
JPI Lands Financing for $104M San Diego Community
The 172-unit Jefferson Pacific Beach will encompass three acres and include 14,000 square feet of ground-level retail and creative office space.
On the Market: 5 Interesting Listings for the Week of 8/28
This week’s listings include a newly renovated property in Whittier, Calif., with an abundance of amenities and a historic asset with original 1912 architecture in the trendy Portland neighborhood of Hollywood.
IPA Intermediates Sale of Austin-Area Community
Vantage at Georgetown is a 288-unit community strategically located north of Austin in Georgetown, Texas. The property was acquired by Pensam Residential.
In Case You Missed It: MHN’s Top 5 Posts in August
Miss out on any of our articles or videos? Catch up with five of our most popular posts for the month.
Pathfinder Acquires 195-Unit Sacramento Property
Savannah Court, a 31-year-old, 24-building community, will receive interior and exterior renovations. It is the company’s second acquisition in the metropolitan area.
Lexerd Lands $39M FL Apartments
Springs at Braden River is a 270-unit garden-style community in Bradenton, Fla. The company acquired it from Continental Properties.
Investors Look to Chicago as a Safe Haven
An expert from Marcus & Millichap reveals why small-balance multifamily owners should look to the Windy City, including the area’s cap rates, price per unit and gross rent multipliers.
Cushman & Wakefield Shepherds 182-Unit GA Sale
JEM Holdings acquired the $15 million Woodhill community in Augusta from Intermark Management and King Management. C&W’s Southeast Multifamily Advisory Group, arranged the transaction.
Greysteel Brokers Sale of DC Regenesis Portfolio
The five affordable properties include 482 units. President & CEO Ari Firoozabadi, Managing Director Kyle Tangney and Senior Investment Associate Alicia Orkisz arranged the transaction.
JV Scores 2 AZ Properties
Modern Residential and Henley USA have acquired the 265-unit Sonoma Villas in Mesa and the 216-unit Sonoma Pines in Peoria.