West
Orange County Multifamily Report – Spring 2021
After stabilizing in the second half of 2020, the market’s rent growth rate rebounded above the U.S. average.
Denver-Area Self Storage Changes Ownership
Invesco Real Estate and Westport Properties teamed up to acquire a 472-unit facility in Castle Rock, Colo.
Summit Communities Closes $29M Denver Disposition
CBRE represented the seller, and Newmark provided Freddie Mac financing for the buyer.
29th Street Capital Buys Denver-Area Apartments for $134M
The 424-unit property in Aurora marks the firm’s transition from purchasing value-add to higher-quality communities.
ZMR Capital Closes $41M Phoenix Acquisition
The 240-unit community is close to Deer Valley, one of the largest employment corridors in the metro area.
Top California Markets for Multifamily Deliveries
New product accounted for some 10,000 units across the state’s top 10 markets, according to Yardi Matrix data.
Phoenix Community Changes Hands for $18M
The 96-unit garden-style property was nearly fully occupied at the time of the sale.
TruAmerica Pays $196M for Nashville, Phoenix Assets
The acquisitions add nearly 1,000 units to the firm’s national multifamily portfolio.
Cityview Raises $100M for California OZ Development
Oakland Waterfront will total 378 units in the Brooklyn Basin master-planned community on the Oakland Estuary.
Stratford Partners Lands $16M for Colorado Springs Acquisition
Improvements to the 150-unit property begun under previous ownership and are slated to continue.