Regions
Los Angeles Multifamily Report – Fall 2019
As the current economic cycle stretches past most initial expectations, the multifamily market continues to test its limits.
San Diego-Area Senior Living Asset Trades for $22M
The seller had acquired the 151-unit community in 2015 for $14.7 million.
Elevation Enters Indiana Senior Housing Market
The private equity investment company paid $20 million for a 496-unit affordable senior community in Indianapolis, its largest transaction to date.
Passco Spends $90M in Suburban Chicago
KeyBank financed the acquisition of the recently developed luxury community in Vernon Hills, Ill.
CPC Scores $33M Fannie Mae Affordability Package
The New York State Housing Finance Agency also provided $20,000 per unit to fund capital improvements at the three properties.
Freddie Mac: Originations Will Hit $390B in 2020
The government-sponsored enterprise expects the multifamily market in the U.S. to continue its strong growth.
Phoenix Realty, Hanover Acquire 2 Seattle-Area Properties for $79M
With a total of 361 units, Lake Meridian and Royal Firs were owned by the same investor and sold as a portfolio.
PCCP Extends $76M Loan for Los Angeles Buy
Bridge Investment Group sold the 306-unit community in Paramount, Calif., to a joint venture.
Griffis/Blessing Buys Colorado Springs Student Community
NorthMarq Capital provided the new owner of the 506-bed property with financing for the $34 million acquisition.
City Club Apartments Kicks Off Detroit Redevelopment
The $25 million project will update the 1974-built tower and designate 20 percent of the units as affordable for the property’s current residents.