Inland Empire

Inland Empire rent evolution, click to enlarge

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.

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.

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.

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.

Inland Empire matrix mf report Image by Matt Gush

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.

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.

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.

LivCor Trades 288-Unit SoCal Asset

The company sold the Inland Empire asset for more than $63 million, with Capital One providing a Fannie Mae acquisition loan to the buyer.

Limited Deliveries Prop Up Inland Empire Rent Growth

The industrial sector continues to drive development in the area, bolstering demand for multifamily properties.

Inland Empire Community Changes Hands for $35M

Davlyn Investments acquired the 125-unit luxury residential property located in Chino Hills, Calif., with financing provided by City National Bank.