West
Blackstone Sells $40M Phoenix Asset
TH Real Estate acquired the 240-unit multifamily asset, securing $40 million in revenue bond financing from Maricopa County’s Industrial Development Authority.
Security Properties JV Sells Seattle Community for $150M
A private investor—with financing from New York Life Insurance Co.—acquired the 309-unit luxury multifamily asset, which welcomed its first residents in 2017.
Decron Properties Buys San Jose Apartments
The partially affordable property last changed hands in 2012, when Greystar purchased the 208-unit community from Invesco for nearly $60 million.
Top 5 Communities Under Construction in Sacramento
With more than 5,500 projects underway—including the city’s largest in several decades—and strong employment gains, Sacramento remains a hot multifamily market.
Canyon Partners Acquires LA-Area Property
The firm has expanded its portfolio with the 153-unit Fountain View Apartments in Long Beach, Calif. MHE Real Estate sold the property for $36.5 million.
Prism Multifamily Buys Las Vegas Portfolio
The four Class A and Class B communities add up to almost 500 units and commanded a price tag of nearly $47 million.
JV to Preserve Affordability of 300 Units in Denver
The Community Development Trust and Rocky Mountain Communities signed a $25 million recapitalization deal for Garden Court Apartments near Aurora, Colo.
Salt Lake Community Changes Hands
Nitya Capital is the new owner of the 151-unit Class B community in the city’s downtown, after funding the purchase with more than $27 million in acquisition financing.
CBRE Facilitates $47M Transaction in Denver
David Potarf, Dan Woodward, Matthew Barnett and Jake Young represented seller FPA Multifamily. Velo Apartment Homes encompasses 240 units across 10 mid-rise buildings.
Sacramento-Area Community Changes Hands
MJD Capital Partners paid more than $8 million for the 66-unit, Class C multifamily asset, situated 10 miles northeast of the city’s downtown.