Multifamily news in Inland Empire
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Inland Empire Community Changes Hands for $40M
Providence Capital sold the 212-unit Vista Springs property in Moreno Valley, Calif.
04 December 2019 14:56 -
California Community Lands $39M Fannie Mae Green Loan
Fannie Mae originated the funds in August, when Afton Properties acquired the asset from Klingbeil Capital Management.
11 November 2019 19:30 -
Inland Empire Multifamily Report – Fall 2019
The Inland Empire’s affordability advantage compared to other SoCal metros is drawing in new residents, expanding the local labor market and driving up demand for multifamily product.
08 November 2019 13:00 -
Inland Empire Community Gets New Owner
CBRE provided nearly $4 million in acquisition financing through Freddie Mac for the 56-unit asset.
15 October 2019 14:01 -
Inland Empire Senior Housing Commands $58M
Cushman & Wakefield negotiated the sale of a Southern California continuing care retirement community to a buyer which plans to convert the asset to a rental property.
09 September 2019 09:40 -
Inland Empire Community Commands $54M
The deal marks the second sale of a Southern California property this summer by Klingbeil Capital Management.
29 August 2019 13:01 -
Inland Empire Senior Community Lands $40M in Financing
The new owner took a series of mortgages, revenue bonds and tax credit equity to acquire and fund capital improvements at the property.
16 August 2019 16:58 -
Davlyn Investments Buys SoCal Apartments for $60M
The 187-unit luxury community is the buyer’s latest Inland Empire acquisition, following the $35 million purchase of 125 units in November.
31 July 2019 13:42 -
Inland Empire Multifamily Report – Summer 2019
Rents in the market increased 4.2 percent year-over-year through April, driven by the area’s historically limited inventory.
09 July 2019 19:33 -
Sequoia Equities Buys SoCal Community for $83M
CBRE provided the buyer of the 247-unit Class A asset in the Inland Empire with $52 million in acquisition financing through Fannie Mae.
21 June 2019 17:34 -
Tower 16 Capital Partners Buys Inland Empire Community for $63M
The value-add investment and management firm purchased the 352-unit asset in Colton, Calif., from FPA Multifamily and will invest an additional $4 million in renovations and upgrades.
21 May 2019 13:37 -
Bridge Investment Group Opens SoCal Community
The owner broke ground on the 346-unit Class A multifamily asset in early 2017, with East West Bank providing construction financing.
20 May 2019 06:12 -
Inland Empire Multifamily Report – Winter 2019
Multifamily property sales totaled $1.4 billion in 2018 and are expected to spike this year, following the rejection of Proposition 10.
22 February 2019 13:37 -
Henley USA Enters Inland Empire Market
In a partnership with Tower 16 Capital Markets, the company purchased Hillside Village in San Bernardino Valley. The new owner intends to renovate the 80-unit property.
23 January 2019 18:05 -
Inland Empire Community Sells for $42M
Berkadia has arranged the sale of the 194-unit property located in Ontario, Calif., approximately 26 miles from downtown San Bernardino.
16 January 2019 18:05