San Francisco
California Expands Affordable Housing Finance Incentives
The new program aims to incentivize affordable housing development for residents with a mix of incomes.
NorCal Apartments Change Hands
Burbank Housing Development purchased the 56-unit Class C community for $15 million. Two lenders facilitated the transaction with acquisition and development financing.
$500M Fund Targets Bay Area Affordable Housing Shortage
A consortium of leading Bay Area philanthropy, business and community advocates—including the organization co-founded by Facebook’s CEO—is launching one of the largest housing investment funds in the U.S.
Latch’s Smart Access Devices Expand Footprint
By mid-2019, UPS drivers in 10 additional cities will be able to enter multifamily communities and drop off packages in lobbies or package rooms.
Matrix Multifamily San Francisco Report – Winter 2019
A lull in the metro’s multifamily construction activity has boosted rents 3.9 percent year-over-year through October to $2,662, nearly double the national figure.
Fairfield Residential Trades NorCal Apartments
The company sold the 168-unit Class B community for more than $47 million three years after acquiring the asset from Interstate Equities Corp.
Waterton Buys San Francisco-Area Community
The seller, Kennedy Wilson, earned nearly $65 million for the 260-unit multifamily asset, more than double the acquisition price in 2006.
JV Breaks Ground on SF Student Housing Project
In addition to the new student community—a public-private partnership of SF State and the developers—the university will open a four-story academic building totaling 76,000 square feet.
HFF Arranges $41M San Francisco-Area Portfolio Sale
The properties include Atherton, Brewster Ames, Tivoli Gardens and Lancaster Arms, totaling 201 units. At the time of the sale, the communities averaged a 97 percent occupancy.
In Case You Missed It: MHN’s Top 5 Posts in November
Miss any of our articles? Catch up with five of our most popular posts for the month.