Orange County
IEC Buys OC Community for $134M
The acquisition of the 400-unit, value-add multifamily community was on behalf of IEC Institutional Fund III LP, a fully discretionary, $200 million commingled fund.
Avanath Closes $388M Investment Funds
Avanath Affordable Housing III and Avanath III NY Co-Investment are two of the largest funds in the U.S. dedicated to affordable housing.
Landlords Hold Pricing Power in Orange County
Demand for apartments continues to be strong in the area, where high construction costs and surging land values maintain the housing market as one of the most expensive in the country.
RED Mortgage Welcomes New President
Trent Brooksbrings more than three decades of executive leadership experience in the multifamily industry.
Age-Restricted Community Sells for $35M
Marcus & Millichap represented the seller and procured the buyer in the sale of a 115-unit community in Rancho Santa Margarita, Calif.
2 Affordable Communities Debut in Irvine
FivePoint Holdings, Related California and its partners recently debuted Luminaira and Espaira, two communities totaling 166 units for low-income families.
Capital One Closes Freddie Mac Loan for SoCal Property
The $9.5 million loan will be used to refinance Midway Meadows, a 92-unit apartment community in Orange County’s Midway City.
CityView Unveils Mural at OC Development
Located at the upcoming Baker Block apartment community, the mural, by artist and OBEY Clothing Founder Shepard Fairey, covers 8,000 square feet and is the largest of its kind in Orange County. The 240-unit community is scheduled for completion in November.
Santa Ana Asset Trades for $20M
Marcus & Millichap announced the sale of Sherry Lane Garden Homes. The 62-unit apartment traded for $19.8 million.
Berkadia Closes Leasehold Sale of OC Community
Bridge Investment Group sold Coronado Palms, a 168-unit garden-style community in Anaheim, Calif., to Canyon Multifamily Impact Fund.