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    Since acquiring the 420-bed community 36 months ago, the company has pursued a value-add investment strategy that has grown grew NOI by nearly 36 percent.

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    The seller of the 28-unit property located in the Mission District executed a 1031 exchange. The asset has been family-owned for more than 30 years.

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    Cushman and Wakefield brokered the sale of La Reserve on 45th, a 301-unit property in the Maryvale neighborhood. A joint-venture purchased the asset from CEG Operating Partners.

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    Providence Capital Group placed a non-contingent offer for the 140-unit community in Hemet, Calif., which traded for $15.5 million. Marcus & Millichap represented the seller and procured the buyer.

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  • 6 Insights from the NAA Education Conference

    Grooming the next generation of property managers, answering the data needs of owners and residents and combatting the nation's affordability problem were top-of-mind issues at the apartment industry meeting.

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    Madera Residential sold Valencia, a 263-unit community, to a Dallas-based investment firm. Marcus & Millichap represented the seller and secured the buyer.

    27 July 2017 15:16
  • Long-Awaited VA Housing Project Breaks Ground in MD

    First announced in 2011, the Perry Point development will bring 75 subsidized, newly renovated and newly constructed units for at-risk and formerly homeless veterans.

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    Marcus & Millichap closed the sale of Gresham House, a 15-unit community in the Columbia Heights neighborhood of Washington, D.C. The property includes 3,358 square feet of retail and office space.

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  • Demand Outpaces Supply in Salt Lake City

    Driven by robust population growth and low unemployment, Utah’s largest city is rapidly expanding, generating healthy housing demand. It continues to appeal to major employers, such as Amazon, UPS and big-brand companies based along the Wasatch Front.

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  • San Diego Apartments Snag $38M Refi

    KeyBank Real Estate Capital arranged the financing, 12-year term, seven-year interest only period and a 30-year amortization schedule for the 255-unit Stonewood Garden Apartment Homes.

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