West
Security Properties Expands Nevada Holdings
The Seattle-based company purchased The Edge at Traverse Point, a Class A property with 296 units located in Las Vegas’ Henderson submarket.
San Diego-Area Luxury Community Reaches Completion
Developed by Pathfinder Partners and Silvergate Development in Vista, Calif., the high-end property sits on a 1.5-acre parcel that was initially owned by the California Redevelopment Agency.
CDT, Southport Financial Services Pay $37M for Central CA Portfolio
Located in tight rental markets in Central Valley, the five affordable housing properties will be preserved for residents at 50 to 60 percent of area median rent/income through 2050.
Berkadia Wraps Las Vegas, DC Metro Deals Worth $92M
The company arranged a $63.2 million refinancing for a 340-unit community in Falls Church, Va., and completed the sales of two multifamily properties totaling 331 units in Nevada.
Sacramento Multifamily Report – Spring 2019
Limited housing supply and growing demographics continue to put pressure on the metro’s apartment market. Rents rose by 4.6 percent year-over-year through March, well above the national average.
Wood Partners Breaks Ground on Seattle Community
Located in the historic Columbia City neighborhood, the 243-unit Alta Columbia City marks the company’s third multifamily project in the metro.
Denver Community Gets New Management
The owner of the 322-unit multifamily asset, Investors Management Group, signed The Laramar Group to take over property operations from ConAm Management.
Glendale Apartment Portfolio Commands $79M
Raintree Partners has purchased seven multifamily properties and added 231 units to its growing portfolio of smaller multifamily properties in urban California locations.
Phoenix-Area Community Trades for $34M
Virtú Investments sold La Costa at Dobson Ranch, a 194-unit community in Mesa, Ariz. The new owner financed the acquisition through a $22.2 million Freddie Mac loan.
Standard Communities to Renovate 128 Affordable Units in the Bay Area
The company acquired Parkside Villa Apartments and Rockwell Manor Apartments in Fairfield, Calif., and intends to invest $7 million in upgrades at both properties.