West
Salt Lake City Multifamily Report – Fall 2020
Amid steady rent growth, the metro’s consistent pipeline brought more apartments online than it did in 2019.
Prime Residential Buys Portland Community for $81M
BPM Real Estate Group sold the 261-unit property west of downtown in a transaction brokered by Institutional Property Advisors.
Public-Private Partnership Creates Los Angeles-Area Affordable Housing
The partnership, led by Standard Communities, transitioned a 150-unit community from market-rate to workforce housing.
Berkadia Brokers $60M Phoenix Multifamily Sale
Ric Holway, Mark Forrester and Dan Cheyne closed the deal, while Clay Akiwenzie secured $42 million in acquisition financing.
Developers Land $58M for Seattle’s First Affordable High-Rise
Plymouth Housing and Bellwether Housing are working together on the 365-unit project slated for completion in 2022.
Why Pegasus Residential Chose to Go West: Q&A
Vice President Laurie Lyons reveals what makes Denver, Phoenix and Salt Lake City attractive.
Phoenix-Area Asset Trades for $43M
The Milestone Group financed the acquisition of The Pavilions at Arrowhead through Freddie Mac loan.
Equity Residential Reaps $313M for San Diego Sale
This marks the city’s largest multifamily transaction in 2020.
Bridge Pays $90M for Tucson Communities
Institutional Property Advisors represented seller Bascom Arizona Ventures in the portfolio deal.
Marcus & Millichap Acquires Houston-Based LMI Capital
Founded in 1999, the company specializes in arranging debt and equity for all property types.