West
Los Angeles Multifamily Report – Fall 2021
While lagging inland metros, L.A. is still recovering at a steady pace.
Decron Properties Sells LA-Area Portfolio for $129M
Institutional Property Advisors brokered the sale of the two communities.
San Diego-Area Community Commands $168M
Buyer HomeFed Corp. plans to convert the 519-unit property into middle-income affordable housing.
Ascenda Capital JV Buys $97M San Diego-Area Community
The 198-unit market-rate property will be converted into rent-restricted housing.
Tides Equities Sells $59M Phoenix Community
The property’s price more than doubled during the company’s one-year ownership.
Bascom Adds $31M Community to Nevada Portfolio
The company plans to renovate the 147-unit asset.
Phoenix Community Lands $86M Freddie Mac Loan
The borrower acquired the 360-unit Elite North Scottsdale back in September in a $313 million portfolio sale.
MG Properties Further Expands Bay Area Footprint
The company’s 19th purchase this year is a 168-unit class B community in Martinez, Calif.
Investors Capital Group Sells $52M Northwest Phoenix Asset
The property’s value doubled since it last traded two years ago.
Tides Equities Completes $120M Phoenix Acquisitions
The latest string of purchases marks a milestone for the company in the market.