Multifamily news in Market Rate Housing - Inland Empire
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Berkadia Arranges $44M Class B Portfolio Refi
The new loans pay down $28.8 million previously taken for Allmark Properties' two communities in Texas and Southern California.
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CBRE Brokers Sale of Inland Empire Community
The 43-unit property located in San Bernardino traded for nearly $5 million.
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Positive Investments Trades Inland Empire Community
The buyer paid more than $14 million for the 120-unit property and plans to invest in capital improvements.
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Berkadia Secures $82M for Inland Empire Refi
The funds will be used to retire an existing debt on the 492-unit Silverado Apartment Homes.
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Inland Empire Community Changes Hands for $40M
Providence Capital sold the 212-unit Vista Springs property in Moreno Valley, Calif.
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Inland Empire Community Gets New Owner
CBRE provided nearly $4 million in acquisition financing through Freddie Mac for the 56-unit asset.
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Inland Empire Community Commands $54M
The deal marks the second sale of a Southern California property this summer by Klingbeil Capital Management.
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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.
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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.
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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.
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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.
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Top 10 Inland Empire Multifamily Transactions
The Inland Empire market continues to grow its multifamily inventory at a slow burn, further inflating rent rates and property values. One result is rising per-unit prices, which are about $9,000 higher than the national average.
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Riverside Community Gets New Management
UBS Realty Investors, the owner of the 2005-built, 256-unit Inland Empire asset, selected Alliance Residential Co. to oversee property operations.
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Majestic Realty Enters Multifamily Market
The longtime developer's first residential project is a 17-building, garden-style community in Southern California's Inland Empire. Completion is scheduled for late 2019.
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SoCal Apartments Trade for Nearly $50M
The seller, StarPoint Properties, acquired the 232-unit Class B community in the Inland Empire for approximately $15 million in late 2001.