West
Western Wealth Capital Sells Phoenix-Area Property
The 153-unit Verde Dimora traded for $27 million, or roughly $177,000 per unit. A team from IPA represented the seller and procured the buyer.
JLL Income Property Trust Grows Portfolio
The company paid $81.8 million for a 280-unit luxury asset located in Bothell, Wash., a Seattle suburb. The acquisition brings the company’s aggregate apartment allocation to more than $820 million.
NorthMarq Arranges $19M Refi for Seattle Community
The 10-year, fixed-rate loan was given to J.B. Matteson Inc. for the 124-unit Greenhouse Apartments, a LEED Silver-certified property.
Wolff Sells Central Coast Apartments for $30M
CBRE originated a $21 million financing package through Fannie Mae to fund the acquisition of the 96-unit Class B community.
California Community Receives $12M Refi
CBRE’s San Diego office arranged the 10-year, fixed-rate loan through Fannie Mae, on behalf of the borrower, United Development Group.
CA Property Sells for $17M
The Mogharebi Group arranged the transaction and represented both parties in the sale of a 196-unit community located in Kerman.
Goodman Real Estate Expands in Phoenix With 216-Unit Acquisition
The 24-building community located within an Opportunity Zone came online in 1984. Institutional Property Advisors represented the joint venture seller and procured the buyer.
Gemdale, Blake|Griggs Break Ground on Berkeley Community
The joint venture has started the construction of Blake Street Apartments, an 84-unit transit-oriented development located near the city’s downtown.
REACH Community Development Opens Portland Affordable Housing Property
The $24 million project has 101 units catering to both seniors and families with children, as well as 8,900 square feet of retail space.
Fairfield Residential Adds CA Asset to Management Portfolio
The partially affordable community owned by Mill Creek Residential Trust encompasses 284 units and is located in Orange County’s Laguna Niguel.