Inland Empire
Inland Empire Community Changes Hands for $40M
Providence Capital sold the 212-unit Vista Springs property in Moreno Valley, Calif.
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.
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.
Inland Empire Community Gets New Owner
CBRE provided nearly $4 million in acquisition financing through Freddie Mac for the 56-unit asset.
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.
Inland Empire Community Commands $54M
The deal marks the second sale of a Southern California property this summer by Klingbeil Capital Management.
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.
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.
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.