West
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.
Denver Rental Property Commands $62M
Gelt Inc. has acquired the 384-unit Cedar Run Apartments from Maxx Properties. The new owner plans to upgrade both apartment interiors and common spaces at the property.
Luxury San Diego Community Commands $149M
Berkadia handled the sale of the 374-unit property to Mission Gorge Investors, an entity controlled by R & V Management. The 2018-built asset was sold by Hanover Co.
TruAmerica, Blackstone Buy 608-Unit Portfolio for $97M
For their second deal since forming a joint venture last year, the partners picked up a 368-unit community in central Las Vegas for $58 million, along with a 240-unit asset west of Atlanta.
Rehab Complete on Affordable Sacramento-Area Property
Community Preservation Partners invested $35.6 million at Danbury Park Apartments, a 140-unit asset in Antelope, Calif. Ten percent of the community is now ADA compliant.
2 Phoenix-Area Developments Secure $54M Financing
PCCP LLC provided the two senior loans that will be used to construct IDM Estrella Parkway in Goodyear, and IDM Cooley Station in Gilbert, Ariz.
Seattle Multifamily Report – Spring 2019
The metro remains one of the country’s top-performing multifamily markets, fueled by persistent growth in tech and e-commerce.
San Diego Multifamily Report – Spring 2019
As a less costly alternative on the California coastline, the metro continues to draw in new residents with its growing biotechnology, defense, and professional and business services sectors.
Vegas Community Trades for $14M
The seller, Strategic Realty Capital, had acquired the 146-unit Class C multifamily asset in 2010 as part of a 475-unit portfolio transaction.